NVIDIA Corporation (Ticker: NVDA) closed the trading session on February 26, 2024, at $790.92, marking a modest gain of 0.35% from its previous close. The day's trading range was between $785.06 and $806.4599, indicating some volatility. The stock is approaching its year high of $823.94 and is significantly above its year low of $222.97. With a market capitalization of approximately $1.98 trillion, NVDA is one of the largest players in the tech sector.
The stock’s 50-day moving average (MA) stands at $590.84, and the 200-day MA is at $471.62, showing a strong bullish trend. The Relative Strength Index (RSI14) at 69 indicates that NVDA is nearing overbought territory, which could suggest a potential consolidation or pullback in the near term. The Moving Average Convergence Divergence (MACD) at 55.84 supports the ongoing bullish trend. However, the Average True Range (ATR) at 3.92 signifies volatility, which traders should watch closely.
NVDA's technical indicators project a strong bullish trend, but caution is advised due to its nearing overbought status and volatility.
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