NVIDIA Corporation stock: Uptrend holds, $190 downside risk looms before earnings

NVIDIA Corporation stock closed at $214.72, holding above the 50-day and 200-day EMAs. The daily uptrend remains intact. However, short-term momentum has softened markedly, creating a tense technical divergence ahead of the upcoming earnings report.

Key takeaways

• NVDA closed at $214.72, above the 50-day EMA ($210.54) and 200-day EMA ($196.54), keeping the long-term uptrend intact.
• Daily MACD has crossed bearishly, producing a negative histogram of -0.40, signaling fading momentum despite the intact trend.
• The 1-hour chart shows a bearish EMA stack with RSI14 at 32.90, confirming short-term weakness within the broader uptrend.
• Analysts flag sky-high earnings expectations, with downside risk toward the $190 support zone if key levels fail.
• With daily ATR14 at 5.75, NVDA is primed for outsized moves around the upcoming earnings catalyst.

NVDA Daily Trend: Structure Still Bullish as Momentum Fades

The daily trend remains structurally bullish, with NVDA holding above the 50-day EMA at $210.54 and the 200-day EMA at $196.54. Momentum, however, has begun to deteriorate. Price closed at $214.72, just below the 20-day EMA at $215.45, after a session range between $214.50 and $218.74.

… Continue reading the full article at the original source below.