NVIDIA | Daily Technical Outlook
Market Structure
NVIDIA has transitioned from a prior consolidation phase into a strong bearish trend after failing to sustain gains above the $195.00 region. The stock has experienced continuous selling pressure, forming a clear sequence of lower highs and lower lows.
The recent decline from the $190.00 – $195.00 zone triggered an impulsive move lower, pushing price toward $165.00, where it is currently attempting to stabilize after an extended sell-off.
Key Resistance Zone
The nearest resistance is located at $168.00 – $170.50, a zone formed by recent breakdown structure and dynamic resistance. Any upward retracement is likely to face selling pressure here.
Additional resistance levels:
- $173.50
- $178.00 – $180.00 (major bearish rejection zone)
As long as price remains below $170.50, the bearish trend remains dominant.
Key Support Zone
Immediate support lies around $164.00 – $165.00, where the current decline is showing signs of temporary stabilization.
A break below $164.00 would intensify downside pressure, exposing further targets:
- $160.00
- $155.00 – $152.00 (major structural support)
A sustained move below $152.00 would signal a deeper continuation of the downtrend.
Expectations
Bearish Scenario (Primary)
The prevailing momentum favors continued downside as long as price stays below $170.50.
A break below $164.00 could accelerate the decline toward $160.00, with potential extension toward $155.00.
Bullish Scenario (Alternative)
A recovery above $170.50 would be the first sign of short-term stabilization, opening the door toward:
- $173.50
- $178.00 – $180.00 (key zone to shift momentum)
However, upside moves are likely to remain corrective unless higher levels are reclaimed.
Outlook
NVIDIA remains under strong bearish pressure, with sellers maintaining control after breaking key support zones. The structure stays negative unless price reclaims levels above $170.50, while a break below $164.00 could trigger further downside expansion.
