NVDA, enters monthly bullish trend. Expect Uptrend continuation

13 окт. 2020 г.

NVIDIA Corp (NVDA, $569.04) is predicted by Tickeron A.I.dvisor to grow by 4% to $591.8 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 89%. Current price $565.97 is above $510.77 the highest resistance line found by Tickeron A.I. Throughout the month of 09/10/20 - 10/12/20, the price experienced a +16% Uptrend. During the week of 10/05/20 - 10/12/20, the stock enjoyed a +4% Uptrend growth.

Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for NVDA just turned positive on September 30, 2020. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 41 of 49 cases over the following month. The odds of a continued upward trend are 84%.

Following a +2.36% 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 301 of 353 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 342 of 397 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.