NVIDIA | Technical Outlook
Market Structure
NVIDIA is currently trading in a consolidation phase after a strong bullish recovery from mid-December lows. The impulsive rebound from the $170 – $175 zone shifted short-term momentum back to the upside, but recent price action shows slowing bullish strength as NVIDIA struggles to extend gains beyond recent highs.
Price is now stabilizing around $187 – $188, indicating a pause as buyers and sellers reassess direction. While the broader daily structure remains constructive, short-term momentum has softened, suggesting a corrective or range-bound phase may persist.
Key Resistance Zone
The nearest resistance is located at $189 – $191, a zone defined by recent rejection wicks and prior intraday highs.
Additional resistance levels:
- $194 – $195 (previous swing high)
- $200 (major psychological and structural resistance)
As long as NVIDIA trades below $191, upside momentum remains capped, and rallies may face selling pressure.
Key Support Zone
Immediate support is found at $185 – $187, where price is currently holding above short-term moving averages.
Below this level, additional support zones include:
- $180 – $182 (key short-term structural support)
- $175 – $177 (major bullish defense zone)
A clean break below $180 would weaken the bullish structure and increase downside risk toward $175.
Expectations
Bullish Scenario (Primary)
If NVIDIA holds above $185 and regains momentum above $191, price could extend toward:
- $194 – $195
- $200, where stronger selling pressure is expected
Bearish Scenario (Alternative)
Failure to hold $185 would likely trigger a deeper pullback toward:
- $180 – $182
- Potentially $175, if selling pressure accelerates
Outlook
NVIDIA remains in a neutral-to-bullish structure, with consolidation following a strong rebound. Bulls need a sustained break above $191 to resume the uptrend, while a loss of $185 would signal a deeper corrective move. Until a breakout occurs, NVIDIA is likely to trade within a tight range as the market awaits directional confirmation.
