NVDL GraniteShares 2x Long NVDA Daily ETF Forecast, Technical & Fundamental Analysis

Momentum Indicator for NVDL turns positive, indicating new upward trend

NVDL saw its Momentum Indicator move above the 0 level on May 01, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator turned positive. In of the 36 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NVDL's RSI Indicator exited the oversold zone, of 6 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NVDL just turned positive on April 23, 2025. Looking at past instances where NVDL's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .

NVDL moved above its 50-day moving average on May 07, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDL advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .

NVDL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDL 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 NVDL entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.