Technical update on NVDA

We received a question on tickers NVDA.

Nvidia (NVDA): Tactical upside breakout at risk

We highlighted Nvidia (NVDA) in Straight from the Chart on October 7 and September 17 following bullish breakouts that projected upside targets to 205 and 220. However, the tactical breakout from the late July–late September bullish consolidation has come under pressure, with NVDA moving below the breakout zone at 184.55–183.30.

The stock is now testing its rising 26- and 40-day moving averages (DMAs) at 182.21 and 179.91, respectively, along with the October 15 low at 177.29 (177). We view this 177–180 area as key tactical risk management support, where a decisive breakdown would fully invalidate the late September breakout and open downside risk toward the lower end of the July–September base at 169–164 (September 5 low).

One key risk for NVDA is that relative leadership versus the S&P 500 (SPX) has stalled.

Chart 1: Nvidia (NVDA)

Chart 2: One key risk for NVDA: Relative strength vs. the S&P 500 has stalled

---

Disclaimer

STS is not a registered investment advisor, broker-dealer, or financial planner. All content provided by STS—including commentary, technical analysis, charts, trading strategies, and data—is offered solely for educational and informational purposes. STS does not provide investment recommendations, and none of the content should be construed as advice to buy, sell, or hold any specific security or financial product. You are solely responsible for making your own financial decisions.

Impersonal Nature of Content

The information and insights made available through STS Services are not tailored to the investment objectives or financial circumstances of any particular individual. Any mention of securities or strategies is made without regard to your specific situation, and STS makes no assessment of suitability for any user.

Past Performance and Risk Warning

Trading and investing involve significant financial risk. Past results are not indicative of future performance. The value of investments can fluctuate, and you may lose part or all of your investment. STS makes no warranties about future outcomes based on historical data. All investment decisions must be made at your own discretion. We make no guarantees regarding the accuracy, completeness, timeliness, or reliability of the information we provide. Although the content is derived from sources believed to be reliable, we do not warrant the accuracy or completeness of any information provided and are not responsible for any errors or omissions.

No Liability for Decisions

STS and its affiliates, officers, employees, contractors, and content contributors (collectively, “Representatives”) assume no responsibility for your investment actions. You agree to hold STS and its Representatives harmless for any loss or damages—whether direct, indirect, incidental, or consequential—resulting from your use of or reliance on the Services.

Due Diligence Responsibility

Users are strongly encouraged to perform independent research and consult with qualified financial, legal, and tax professionals before making any investment decisions. You bear sole responsibility for evaluating the content and its appropriateness for your particular financial goals. Use of the services is at your own risk.