NVIDIA | Technical Outlook
Market Overview
NVIDIA is currently trading in a consolidation phase after a broader corrective move from the recent highs. The sharp decline seen earlier broke the strong bullish momentum, shifting price action into a sideways-to-slightly bearish structure.
Recent candles show price stabilizing, with selling pressure slowing, but buyers have not yet regained full control. Momentum remains muted while price trades near a key balance area.
Key Resistance Levels
NVIDIA is capped below an important resistance zone:
178.50 – 180.00
This zone represents:
- Previous breakdown support turned resistance
- Short-term moving averages acting as dynamic resistance
A sustained break and hold above 180.00 would signal:
- A recovery moves toward 185.00
- Potential extension to 190.00 if momentum improves
As long as price remains below this area, upside moves are considered corrective.
Key Support Levels
Immediate support is located at:
175.00 – 173.50
This area has acted as a short-term demand zone, where buyers have stepped in to prevent further downside.
If this support fails, downside risk opens toward:
- 170.00
- 166.00 (key daily structure support)
A clear break below 173.50 would confirm renewed bearish pressure.
Expectations
Bullish Scenario (Stabilization & Recovery)
If NVIDIA holds above 173.50 and breaks above 180.00, price could enter a recovery phase targeting:
- 185.00
- 190.00
This scenario requires stronger bullish candles and sustained closes above resistance.
Bearish Scenario (Continuation Risk)
Failure to reclaim 180.00, followed by a break below 173.50, would likely resume selling pressure toward:
- 170.00
- 166.00
This remains the preferred scenario while price trades below key resistance.
Overall Outlook
NVIDIA remains in a corrective consolidation following its recent decline. While downside momentum has slowed, the stock has not yet confirmed a bullish reversal.
Price action around 173.50 support and 180.00 resistance will define the next directional move. Until a breakout occurs, the market is likely to remain range-bound with a cautious bearish bias
