Week 6 · bounce off the 20-day moving average
Nvidia adds 1.8% and presses back against its 7-day high
Our view last week
Nvidia stock gives back 5.2% in a week marked by warnings: buyers retreat and the last candle shows sellers clearly dominant — last week's rebound push has already faded. On the daily chart, though, the stock keeps printing higher lows from the 207 area to the 217 area. The buy signal is in its 5th week and the trade has slipped back into a 2.53% loss: technical analysis worth watching closely.
This week's summary
After last week's slide, Nvidia bounced 5% off the 212 area and closed +1.8%, pressing back against its 7-day high. The weekly picture stays bullish with two caveats — contracting volume and buyers less dominant than in the prior 2 weeks. Technical analysis puts the buy signal in week 6, with the trade just below par at -0.75% — one of the US stocks still carrying a live setup.
IQS Phase
58
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#59 / 116
US stocks in progress
Trade P&L %
-0.75%
from signal to date, no stop loss
Rank position
ranks 59th among the 116 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +1.03% · monthly +3.25%
NVDA belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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