Cyclical analysis shows nvidia's target price of $190.
In the US stock market, $NVIDIA (NVDA.US)$ Since 2023, the stock price of
has shown explosive growth. Starting from around $13 at the end of 2022, to the expected $135 at the end of 2024, this increase undoubtedly caught the attention of investors. However, by utilizing Gann's theory to observe its stock price trend, we can have a deeper understanding of this phenomenon and its future development potential.
According to Gann Theory, stock market movements follow specific cycles and ranges. By analyzing the movement of NVDA's stock price, we can see that each year presents a small cycle of change and enters different price ranges between years. Starting from 2016, if we draw Gann lines on the chart, we can clearly see these changes.
Specifically, in 2019, NVDA's stock price was running in the 0/1 and 1/1 ranges, then entered the 1/1 and 2/1 ranges in 2020. In 2021, the stock price fluctuated in the 2/1 and 1/1 ranges, and by 2023, the price further entered the 3/1 and 1/2 range. Based on this calculation, the price is expected to run in the 1/2 and 1/4 ranges in 2024. Each year falls into a new range, reflecting not only market regularity, but also showing cyclical patterns that investors can rely on.
If we follow this cyclical development, based on the current trend, the target price for 2025 may reach $190. This prediction is not only based on historical data but also a reasonable inference about future market developments.
In summary, through the perspective of Gann Theory, we can better grasp Nvidia's stock price trends and its future potential. In investment decision-making, understanding these cycles and ranges will help us develop more forward-looking strategies to seize the development opportunities in this industry.
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