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Nvidia Corporation ($NVDA) has seen a notable decline in its stock price, trading below $108.00 for the first time since September 2024. The stock is currently positioned below its key 200-day, 100-day, and 50-day moving averages, indicating a bearish trend. Analysts have pointed out that the price is below the 40-week moving average and the February low, raising concerns about a potential 'Stage 4' decline if the stock does not rebound promptly. This downturn marks a shift in sentiment for the stock, which has historically been characterized by upward momentum.
$NVDA with a few bearish trend signals. A lower weekly low. Also, consecutive closes below the 40-week MA, for the first time since Jan 2023. Bulls are going to want to see this back over 130 quickly. https://t.co/9ghMGRl3D0 https://t.co/odIXnL9ArI
See what's moving today's market: 1️⃣ $NVDA is trading below its 200-day moving average 2️⃣ $TSLA is down 50% from its record highs 3️⃣ Airline stocks are lower after February's jobs report https://t.co/NSXky3ffEo
BREAKING: Nvidia, $NVDA, falls below $108.00 for the first time since September 2024. https://t.co/4BiZwS59Tq
