Looking back at this week's market conditions, global stock markets took a sharp turn. Tensions in the Middle East have panicked the market, global risk assets have begun to be sold off, and funds have flowed into safe-haven assets, such as gold and commodities, thus pushing gold and oil prices to continue to rise. In this atmosphere, global stock markets have begun to usher in a wave of selling. The performance of U.S. stocks this week can be described as disastrous, with the seven major technology giants closing down nearly 8%. U.S. stocks, which had been soaring before, actually fell for three consecutive weeks, especially artificial intelligence concept stocks like Nvidia.
NVDA daily chart
As we can observe from Nvidia daily chart above, the stock has been engaged in a long rally for almost 100% since beginning of 2024. Currently, the stock is being pullbacked for around 25% from peak, which might signify a reversal in its uptrend. Based on technical analysis, I am short term bearish $NVIDIA Corp(NVDA)$
- Last Friday the share price dropped significantly with huge volume, the selling pressure was big.
- The share price dropped below EMA50 for the first time since November 2023.
- Last week, dead cross formed between EMA10 and EMA25 where EMA10 crossed down EMA25.
A minor support is drawn at 744.40 USD. If it fails to sustain above this support, the share price will pullback towards EMA200, somewhere around 600 USD.
Similar to the AI and semiconductor related stocks, most of them are having pretty close trend like $Taiwan Semiconductor Manufacturing(TSM)$
If we look at the overall semiconductor index, represented by $Semiconductor Bull 3X Shares(SOXL)$
SOXL daily chart
In short, I believe that the short-term downward trend of U.S. stocks has been confirmed, and Nvidia, which previously led the gains, has fallen below its 50-day moving average. The market's trading sentiment has turned from previous optimism to caution, and the profit-making efficiency has been significantly reduced. This sentiment is unlikely to dissipate anytime soon. The risks today outweigh the opportunities, and we should be more conservative in our operations. When it's time to sell, sell it and don't hesitate.
After that, it really depends on your investment horizon, either you are from short term, mid term or long-term. Good luck everybody!
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT @Daily_Discussion
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NVIDIA Corp (NVDA) Stock Analysis
Business Overview:NVIDIA Corp is a leading technology company that designs and manufactures graphics processing units (GPUs) and system-on-a-chip units (SoCs) for gaming, professional visualization, data centers, and automotive markets. The company's products are widely used in various industries, including artificial intelligence (AI), autonomous vehicles, and cloud computing.
Earnings Analysis:
The latest earnings report for NVIDIA Corp (2024Q4) shows an EPS of $4.98, a return on equity (ROE) of 128.90%, and a gross profit margin of 75.97%.
The company has a strong financial position with a quick ratio of 3.38 and a current ratio of 4.17, indicating its ability to meet short-term obligations.
NVIDIA Corp has a net profit margin of 55.58%, indicating its profitability in generating net income from revenue.
Earnings Forecast:
The earnings forecast for NVIDIA Corp indicates positive growth in the coming years.
For the fiscal year 2027, the forecasted EPS is $34.72, forecasted gross income is $159.71 billion, and forecasted EBIT is $92.19 billion.
For the fiscal year 2025, the forecasted EPS is $24.53, forecasted gross income is $110.88 billion, and forecasted EBIT is $70.94 billion.
For the fiscal year 2026, the forecasted EPS is $30.66, forecasted gross income is $138.20 billion, and forecasted EBIT is $87.29 billion.
Trend Analysis:
The current stock price of NVIDIA Corp is $795.18 (as of 2024-04-23).
The support price on 2024-04-19 was $678.3, and the resistance price was $876.3.
The average cost of the stock on 2024-04-19 was $811.66.
The stock has experienced a pullback of around 25% from its peak, indicating a potential reversal in its uptrend.
Valuation Analysis:
Analysts have provided target price estimates for NVIDIA Corp. The mean target price is $1003.37, with a low estimate of $478.4 and a high estimate of $2762.12.
The analyst recommendation for the stock is 20 recommend, 34 buy, and 4 hold.
Capital Flow Analysis:
The capital flow data for NVIDIA Corp shows fluctuations in the past five days, with both inflows and outflows.
On 2024-04-16, there was a significant inflow of 213,760.4 thousand units, while on 2024-04-17, there was a significant outflow of 415,062.5 thousand units.
The one-day capital flow data indicates a mix of inflows and outflows, with a big inflow of $1.33 billion and a big outflow of $613.97 million.
Based on the above analysis, it is important to note that the information provided is for reference purposes only and should not be considered as investment advice. Investors should conduct their own research and analysis before making any investment decisions.
Hope so rebound coming soon