Nvidia: bounce off the 20-day average
Nvidia stock +1.3% this week: sharp bounce off the 20-day average
Our view last week
Nvidia stock drops 4.6% in the week just closed: after early August's 11.6% surge, sellers are back in control, with volumes contracting and buyer dominance visibly collapsing. The buy signal is still active, in its second week, but this week's earnings report weighs on the timing. Our weekly technical analysis is tracking the structure's hold closely in a picture that is still bullish but more fragile.
This week's summary
Nvidia stock bounces sharply off its daily 20-day moving average: a touch in the 209 area and a 4% rebound within days. The weekly picture stays bullish, but carries three warnings — mixed rejection bars, fading body conviction, sellers slightly prevalent in the last bar. Our technical analysis is watching closely whether the bounce holds or short-term caution takes over.
IQS Phase
50
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#79 / 175
US stocks in progress
Trade P&L %
-2.86%
from signal to date, no stop loss
Rank position
ranks 79th among the 175 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 regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
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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