Sixth week of the sell signal, bounce not confirmed by volume
NVIDIA gains 2%, but sellers stay in control of the volume
Sixth week of the sell signal, bounce not confirmed by volume
Our view last week
NVIDIA's technical picture shows a bounce that stopped right where it mattered: last week the stock gained 8.3% up to its 7-day high, in the 213.8 area, the threshold that would have closed the Sell signal. That level held, rejected three times, and this week NVIDIA stock gave back 3.9% with 69% of volume on the sell side. Price is now boxed between two moving averages, and distribution hasn't wrapped up.
This week's summary
After a triple rejection in the 213.8 area and last week's pullback, NVIDIA stock recovered 2% this week — but volume tells a different story: 62% of trading stayed on the sell side, and money flow worsened instead of improving. Price remains boxed between the 20-day and 50-day averages, with a double bottom in the 190 area acting as the floor. The Sell signal has been under management for six weeks, now near breakeven.
IQS Phase
54
ordinary
Signal Strength
8
decline fading out
Sizing
MINIMUM
Ranking
#121 / 141
US stocks
Trade P&L %
-0.80%
from signal to today
Rank position
ranks 121st among the 141 sell signals for US stocks in our ranking, with a signal strength of 8 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
NVDA belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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