Is Nvidia due for a pullback? Technical indicators say so, but do you agree?
$NVIDIA (NVDA.US)$ shares almost tripled in the past year as the AI-favorite kept delivering quarterly financial results that blew past estimates. Is it now due for a pullback?
Eleven of the technical indicators signal the stock is overbought and the trend could be turning bearish.
Eleven of the technical indicators signal the stock is overbought and the trend could be turning bearish.
Nvidia is holding on to its second place among the most-heavily trade stock options, just closely behind $Tesla (TSLA.US)$.
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Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Lucky Dog An : If you don't do it, you just won't keep a long memory! This was also the case with Tesla in the beginning
chgocal123 : Seems like it’s a pump and dump stock, so be careful
Calvin Chin : This index is no different from an inverse index; it's basically just the opposite.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
White_Shadow : $NVIDIA (NVDA.US)$ had been defy those indicators for some time now
Thy GoD : indicators don't necessarily indicate the future, it should go down, sure, but it doesn't tell you when it'd go down.
2050s : Nvidia is for longhold
TrueLove : well... dun think too much... and then regrets... foolish to get advice in this forum too... many cannot even predict what happened in the past week...
MonkeyGee : if NVDA pulls back the whole stock market is going to collapse
bullrider_21 : Although indicators are showing overbought, a very bullish stock may continue to rise. It may become grossly overbought with indicators above 90.
Anyway, they are individual indicators. For confirmation, it's best to use a combination of indicators.