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May 24, 2023

NVIDIA (NVDA): A.I.dvisor Forecasts Uptrend Continuation as Bullish Signals Emerge

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NVIDIA (NVDA), a leading technology company that is currently poised for a potential uptrend continuation. According to A.I.dvisor's predictions, NVDA has entered a monthly bullish trend, suggesting a favorable outlook for the stock's performance. In this blog post, we will delve into the indicators supporting this forecast and analyze historical data, which indicates a strong probability of NVDA's uptrend continuing.

Continuation of NVDA's Uptrend: NVIDIA (NVDA) is currently experiencing a projected uptrend, as indicated by A.I.dvisor's analysis. The forecast suggests that NVDA may witness growth of approximately 4%, potentially reaching a price of $324.23 or even higher within the next month. This projection underscores the positive sentiment surrounding the stock and indicates a strong likelihood of the uptrend continuing.

To provide further validation and statistical evidence, A.I.dvisor has analyzed historical scenarios that resemble NVDA's current uptrend pattern. The findings reveal that in these past instances, the stock consistently demonstrated upward momentum throughout the month. Based on these identified cases, the odds of an uptrend continuation for NVDA are calculated to be 86%. This statistical insight further bolsters the probability of NVDA's uptrend persisting.

NVIDIA (NVDA) is currently positioned in a monthly bullish trend, signaling a prospective uptrend continuation. A.I.dvisor's analysis predicts growth in NVDA's price within the next month, with statistical probabilities indicating an 86% chance of the uptrend continuing. Investors are advised to assess broader market dynamics, industry trends, and their own risk tolerance before making any investment decisions.

Related Ticker: NVDA

NVDA's Stochastic Oscillator is sitting in overbought zone for 2 days

Expect a price pull-back in the near future.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for NVDA moved out of overbought territory on February 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 51 similar instances where the indicator moved out of overbought territory. In of the 51 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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 .

NVDA broke above its upper Bollinger Band on February 22, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 22, 2024. You may want to consider a long position or call options on NVDA as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NVDA just turned positive on February 23, 2024. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 370 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 60, 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 fairly steady price growth. NVDA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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 (45.249) is slightly higher than the industry average of (8.707). P/E Ratio (65.099) is within average values for comparable stocks, (114.186). Projected Growth (PEG Ratio) (1.248) is also within normal values, averaging (2.463). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (31.746) is also within normal values, averaging (11.433).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Texas Instruments (NASDAQ:TXN), Lam Research Corp (NASDAQ:LRCX), Micron Technology (NASDAQ:MU).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 40.51B. The market cap for tickers in the group ranges from 13.43K to 1.94T. NVDA holds the highest valuation in this group at 1.94T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 3%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 11%. AXTI experienced the highest price growth at 119%, while SQNS experienced the biggest fall at -71%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -61%. For the same stocks of the Industry, the average monthly volume growth was -56% and the average quarterly volume growth was -44%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 48
Price Growth Rating: 50
SMR Rating: 66
Profit Risk Rating: 59
Seasonality Score: -50 (-100 ... +100)
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A.I.Advisor
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published General Information

General Information

a manufacturer of computer graphics processors, chipsets, and related multimedia software

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
2788 San Tomas Expressway
Phone
+1 408 486-2000
Employees
29600
Web
https://www.nvidia.com
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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 69% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NVDA
1D Price
Change %
NVDA100%
-0.50%
AMD - NVDA
69%
Closely correlated
+1.12%
TSM - NVDA
62%
Loosely correlated
-1.57%
MRVL - NVDA
59%
Loosely correlated
+0.74%
KLAC - NVDA
57%
Loosely correlated
-0.91%
AVGO - NVDA
57%
Loosely correlated
-0.99%
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