NVDA Extends Rally on EMA Support Near $198.35
Shares of NVIDIA Corp (NVDA) declined 0.27% to $198.35 on April 17.
Key indicators suggest a bullish bias:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $189.93 and 21-day at $184.57.
Momentum
RSI at 68.6 is in neutral territory but trending higher. MACD reads 3.90 against its 0.95 signal line (bullish).
Volatility
Bollinger Band width at 20.8% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $161.51 on the downside and $199.05 on the upside.
