NVDA Enters Squeeze Mode at $188.22
NeutralNVIDIA Corp (NVDA) closed down 1.22% at $188.22 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($185.00) with a bullish stack. The 21-day EMA at $183.97 provides support.
Momentum
RSI at 55.1 is in neutral territory but trending higher. MACD is bullish (0.75 vs signal -0.82).
Volatility
Stock has been in a TTM Squeeze for 8 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $171.55, Resistance at $192.19.