NVIDIA (NVDA) Daily Technical Analysis
NVIDIA Corporation
Designs GPUs and AI chips for gaming, data centers, and artificial intelligence systems.
NVDA Technical Analysis Summary
NVDA is experiencing a sharp corrective phase following the completion of a double-top pattern near the 240.00-244.00 peak zone. The price has breached both the 50-day and 200-day moving averages on elevated selling volume, driving the daily RSI down to 34.63 near the lower Bollinger Band. To stabilize the broader bullish trend, buyers must defend the 196.00-199.50 support cluster; failure to hold this zone exposes the major summer trough near 188.00-192.50.
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NVDA Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a steep multi-week decline, slicing below the 20-day, 50-day, and 200-day moving averages, accompanied by expanding bearish volume and RSI falling toward oversold territory at 34.63.
Long-term Sentiment (weeks to months): Neutral
While the 50-day SMA remains positioned above the 200-day SMA following the broader year-long uptrend, the recent breakdown below the 200-day SMA threatens long-term trend continuation unless immediate support holds.
Report Metadata
- Timeframe: daily
- Generated at: Nov 4, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $197.75 | $196.00 - $199.50 | Moderate | Aligns with the lower Bollinger Band and the horizontal swing lows established in late July and early August. |
| $190.25 | $188.00 - $192.50 | Strong | Major swing low support from early August and previous consolidation floor from early summer. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $205.25 | $204.00 - $206.50 | Moderate | Prior support zone now acting as resistance, directly aligning with the 200-day SMA at 204.67. |
| $218.75 | $216.00 - $221.50 | Strong | Confluence of the 20-day SMA (216.13) and 50-day SMA (221.20) alongside prior breakdown levels. |
| $241.00 | $238.00 - $244.00 | Strong | Double-top peak region established throughout October. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top | Bearish | $192.00 | Two distinct swing peaks near 240.00-244.00 formed in October, followed by a decisive breakdown below the intervening trough neckline around 216.00. |
Frequently Asked Questions about NVDA
What is the current sentiment for NVDA?
The short-term sentiment for NVDA is currently Bearish because Price has experienced a steep multi-week decline, slicing below the 20-day, 50-day, and 200-day moving averages, accompanied by expanding bearish volume and RSI falling toward oversold territory at 34.63. The long-term trend is classified as Neutral.
What are the key support levels for NVDA?
StockDips.AI has identified key support levels for NVDA at $197.75 and $190.25. These levels may represent potential accumulation zones where buying interest could emerge.
Is NVDA in a significant dip or a Value Dip right now?
NVDA has a Value Score of 66/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.