NVDA's Market Neutral Strategy: 17.15% Rise in Choppy Markets
Market Neutral Strategy Shines: Choppy Market Trader and Popular Stocks Thrive with 17.15% for NVDA
In today's global financial ecosystem, the market-neutral strategy of the Choppy Market Trader is standing out. This approach leverages both Technical Analysis (TA) and Fundamental Analysis (FA) for popular stocks such as NVDA, which have seen an impressive yield of 17.15%.
NVDA's Bullish Trend Analysis
NVDA, which experienced a +3.90% 3-day advance, is projected to keep this upward momentum. Historical data suggests a high likelihood of continued growth, with the price increasing further within the following month in 294 out of 352 similar cases - an 84% probability.
In parallel, the Aroon Indicator for NVDA entered an uptrend today. This transition further solidifies the forecast for sustained growth. Past records reveal that in 300 of 354 instances when NVDA's Aroon Indicator switched to an uptrend, the price climbed even higher within the next month, affirming an 85% probability of a persistent uptrend.
NVDA’s Stellar Fundamental Analysis Ratings
The Fear & Greed factor comes into play when we look at the Tickeron Price Growth Rating for NVDA. With a rating of 1 (where 1 is best and 100 is worst), NVDA stands out with exceptional price growth. The past 12 months reveal that NVDA's price has grown at a higher rate compared to the constituents of the S&P 500 index.
In addition, the Tickeron PE Growth Rating for NVDA is 4 (again, 1 being the best and 100 the worst), indicating exceptional earnings growth. This rating is derived from a comparative analysis of the stock's PE ratio increase over the last 12 months against the constituents of the S&P 500 index.
The market-neutral strategy adopted by Choppy Market Trader is proving to be efficient, especially for popular stocks like NVDA. The company's impressive price and earnings growth performance, coupled with the promising trend analysis data, all point to a sustained upward trajectory, free from the influence of broader market fluctuations.
NVDA in downward trend: price may decline as a result of having broken its higher Bollinger Band on August 21, 2023
NVDA broke above its upper Bollinger Band on August 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 55 similar instances where the stock broke above the upper band. In of the 55 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
NVDA moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NVDA entered a downward trend on September 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NVDA's RSI Indicator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NVDA's P/B Ratio (37.879) is slightly higher than the industry average of (7.929). P/E Ratio (102.041) is within average values for comparable stocks, (53.587). Projected Growth (PEG Ratio) (1.337) is also within normal values, averaging (2.336). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (32.154) is also within normal values, averaging (72.527).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors
NVDA and
Correlation & Price change
A.I.dvisor indicates that over the last year, NVDA has been closely correlated with AMD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDA jumps, then AMD could also see price increases.
| Ticker / NAME | Correlation To NVDA | 1D Price Change % | ||
|---|---|---|---|---|
| NVDA | 100% | -0.74% | ||
| AMD - NVDA | 82% Closely correlated | -1.46% | ||
| AOSL - NVDA | 78% Closely correlated | -3.50% | ||
| ASML - NVDA | 77% Closely correlated | -2.29% | ||
| MPWR - NVDA | 75% Closely correlated | -1.90% | ||
| MRVL - NVDA | 73% Closely correlated | -1.75% | ||
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