Nvidia · Open buy, week 8
Nvidia gains 3.9% and prints a new all-time high the weekly close fails to confirm
Our view last week
Nvidia stock closed the week up 1.3%, yet the price action tells of a labored climb: the 7-day high, in the 230 area, turned the price back, volume is shrinking and sellers moved ahead in the weekly bar. The sector ran harder, with XLK, the US technology ETF, up 3.5%. On technical analysis the buy signal stays open among US stocks, with the trade just above breakeven.
This week's summary
Nvidia printed a new all-time high in the 238 area, but the weekly close stayed below the previous record: for now the break is unconfirmed. The week still delivers +3.9%, more than twice XLK, the US technology sector ETF, and the 230 area that turned the price back 7 days ago is now behind it. On technical analysis Nvidia stock stays in an open buy signal, with the weekly MACD improving again and a push that keeps fading: a swing trading setup to handle with care.
IQS Phase
64
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#71 / 93
US stocks in progress
Trade P&L %
+4.46%
from signal to date, no stop loss
NVIDIA (NVDA) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 71st among the 93 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
NVDA belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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