NVIDIA ($NVDA) Takes a Hit: Down -3.05% in One Day!
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🔍 Deep Dive:
$NVDA - NVIDIA Corporation, a titan in the Semiconductors industry, saw a significant drop of -3.05% yesterday, closing at $470.61 per share. Amid the vast ocean of 161 stocks in this tech-centric sector, the trend seems skewed towards the downside, with a striking 67.95% in a Downtrend.
📊 Financial Snapshot:
NVDA's recent earnings report, disclosed on August 23, showcased an EPS of $2.70, outpacing the estimated $2.07. Their colossal market cap stands at a whopping 1.13T, asserting their dominance. Stockholders can expect a dividend of $0.04 per share, with the crucial ex-dividend date penned for September 6, 2023.
🏢 Industry Glimpse:
The semiconductor realm powers almost every electronic device we cherish today. From the smartphones we're glued to, to the emergence of 5G, autonomous driving, IoT, and AI innovations, these chips are at the heart of modern evolution. It's a fiercely competitive arena, with U.S. companies pushing the boundaries.
📈 Market Dynamics:
While NVIDIA leads in market valuation at 1.13T, the Semiconductors sector's overall landscape seems rocky. The weekly, monthly, and quarterly price growth metrics stand at -4%, -6%, and 7%, respectively. But, every cloud has a silver lining – analysts foresee a potential price surge of +36.62% for NVDA in the coming 12 months, suggesting rays of hope for investors.
💡 Stay tuned for more updates! 📡🌐
Though NVIDIA faced headwinds, industry experts remain bullish. Their substantial role in shaping the future of tech is undeniable. But as always, the volatile nature of the market means every investor should stay informed and cautious.
NVDA sees its Stochastic Oscillator climbs out of oversold territory
On September 28, 2023, the Stochastic Oscillator for NVDA moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 46 instances where the indicator left the oversold zone. In of the 46 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NVDA's RSI Oscillator 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 28, 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.
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 (38.168) is slightly higher than the industry average of (7.927). P/E Ratio (103.093) is within average values for comparable stocks, (53.689). Projected Growth (PEG Ratio) (1.345) is also within normal values, averaging (2.330). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (32.362) is also within normal values, averaging (72.520).
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% | +1.46% | ||
| AMD - NVDA | 82% Closely correlated | +4.78% | ||
| AOSL - NVDA | 78% Closely correlated | +3.09% | ||
| ASML - NVDA | 77% Closely correlated | +1.07% | ||
| MPWR - NVDA | 75% Closely correlated | +2.67% | ||
| MRVL - NVDA | 73% Closely correlated | +2.76% | ||
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