NVDA Consolidates Near $188 as Resistance Holds

$NVIDIA(NVDA)$

NVDA Consolidates Near $188.61: AI Titan Tests Key Resistance Ahead of 2026

Latest Close Data

NVDA closed at $188.61 on Dec 26, down -0.32% (-$0.60). The stock is trading 11.1% below its 52-week high of $212.19.

Core Market Drivers

The stock remains in a consolidation phase, with recent trading driven by broader market sentiment and positioning ahead of the new year.

The AI narrative continues to underpin long-term institutional interest, though short-term price action is range-bound.

Technical Analysis

Volume was 65.5M shares, with a volume ratio of 0.59, indicating below-average participation.
The latest MACD (12,26,9) shows a positive histogram of 2.70, signaling building bullish momentum.
The 6-day RSI at 68.95 is in neutral territory, suggesting no immediate overbought pressure.

Key Price Levels

Immediate Pivot: $188.65 (Recent Resistance)
Strong Resistance: $190.00 / $212.19 (52W High)
Primary Support: $180.95

Valuation Perspective

Forward P/E is 40.33x, slightly below its historical average of 42.75x but above the -1 standard deviation of 33.68x.

The TTM P/S of 24.49x reflects its premium pricing within the high-growth tech sector.

Analyst Targets

57 analysts cover NVDA with an average price target of $253.19 (+34% upside). Sentiment is overwhelmingly bullish: 24 Strong Buy, 36 Buy, 6 Hold, and 1 Underperform ratings.

Weekly Outlook

Expect continued consolidation between $180-$190. A decisive break above $190 could target the $195-$200 zone. A break below $181 support may see a test of the $175 level.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Investing involves risk, including potential loss of principal.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.