Volatility Contraction Sets Up NVDA Move Near $190.53
NeutralNVIDIA Corp (NVDA) closed up 1.02% at $190.53 on December 29.
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 $183.55 provides support.
Momentum
RSI at 58.2 is in neutral territory but trending higher. MACD is bullish (0.40 vs signal -1.21).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.