Volatility Contraction Sets Up NVDA Move Near $190.53

NVIDIA Corp (NVDA) closed up 1.02% at $190.53 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($184.20) with a bullish stack. The 21-day EMA at $183.57 provides support.
• Momentum: RSI at 58.0 is in neutral territory but trending higher. MACD is bullish (0.39 vs signal -1.22).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $171.21, Resistance at $191.40.