Want to know the current price of NVIDIA and what’s next for NVDA’s stock? On this page, we share the latest news on NVIDIA and provide tips for buying stocks or even selling them. You can also view the latest NVIDIA (NVDA) forecast January 2022 from our experts.
Should you buy or sell NVIDIA stock today? To what levels can stocks rise during January 2022? How much will NVDA stock cost? We have been making forecasts of exchange rates for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account technical, fundamental analysis of stocks, news background, general geopolitical situation in the world and other, smaller factors. The forecasts of the shares indicate the target levels for the shares of NVIDIA, with both the rise and the probable fall.
NVIDIA (NVDA) forecast January 2022
NVIDIA quotes continue to move as part of the correction and the formation of the ”Wedge” model. As a rule, the market breaks such a pattern upwards, because the pattern indicates the completion of the correction formation. Moving averages indicate a short-term uptrend in NVDA. Prices broke down the area between the signal lines, which indicates pressure from the sellers of securities and potentially a continuation of the fall in the near future. At the time of publication of the forecast, the share price is $286.35 per share for NVIDIA. As part of the forecast for the price of securities, we should expect an attempt to continue the development of the correction and test the support level near the area of 258.55. Further, an upward rebound and a continuation of the rise in the value of securities. The potential target of such a movement is the area above the level of 380.05 already in January 2022.
An additional signal in favor of raising NVIDIA quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ”Wedge” reversal pattern. Cancellation of the growth option for NVIDIA stock prices will be a fall and a breakdown of the level of 235.05. This will indicate a breakdown of the support area and continued fall into the area at the level of 180.55. Expect an acceleration of the rise in stocks with a breakdown of the resistance area and closing above the level of 305.05, which will indicate a breakdown of the upper boundary of the ”Wedge” model and the beginning of the development of this pattern with targets at the top.
NVIDIA (NVDA) forecast January 2022 assumes the development of a correction in securities and a test of the support area near the level of 258.55. Where can we expect a rebound and an attempt to continue raising shares to the area above the level of 380.05. A test of the trend line on the relative strength index (RSI) will be in favor of the growth of securities. Cancellation of the option to raise NVDA will be a fall and a breakdown of the level of 235.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 180.55.
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