NVIDIA's 8.3% jump puts the Sell signal to the test
NVIDIA jumps 8.3%, pushing the Sell signal to the edge of its Inversion Point
NVIDIA's 8.3% jump puts the Sell signal to the test
Our view last week
NVIDIA is in week 4 of a sell signal, and this week recovered 1.2%. Signal strength drops to 29 out of 100: a decline losing steam, not a reversal. The stock ranks 53rd among the 137 US sell signals, with the setup quality indicator at 73 out of 100, in maturity tension. Opening a new short here remains high-risk per our model.
This week's summary
After weeks of sell-heavy trading, NVIDIA flips the tape: the week just closed posted an 8.3% jump with 100% of volume on the buy side, the sharpest bounce in weeks. The decline, under management for 5 weeks and down 2.8%, is still under pressure though: distribution hasn't wrapped up, and price is pressing right under the level, just below the 211 area, that would shut the signal off.
IQS Phase
44
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#120 / 137
US stocks
Trade P&L %
-2.81%
from signal to today
restricted Platinum content