The equity has had a mixed history of post-earnings reactions over the past two years. Below, we will take a closer look at NVDA's overall technical performance, as well some of its previous post-earnings activity.
The $192 level has contained today's pullback, alongside the ascending 50-day moving average, which has been a solid source of support for shares since May. The security was last seen down 3.2% at $193.17, pulling back from a rally attempt toward its July 7, record high of $208.75, made earlier this month.
The Short-Term Technical score evaluates a stock's trading pattern over the past month and is most useful to short-term stock and option traders.Semiconductor name NVIDIA Corporation (NASDAQ:NVDA) is cooling off ahead of its second-quarter earnings report, which is due out after the close on Wednesday, Aug.
NVIDIA Corporation currently has the 78th highest Short-Term Technical score in the Semiconductors industry. This means that the stock's trading pattern over the last month have been neutral. NVDA gets a average Short-Term Technical score of 60 from InvestorsObserver's proprietary ranking system. The overall score is a great starting point for investors that are beginning to evaluate a stock. InvestorsObserver's overall ranking system is a comprehensive evaluation and considers both technical and fundamental factors when evaluating a stock. NVDA has a roughly average overall score of 49 meaning the stock holds a better value than 49% of stocks at its current price. Pre-market tends to be more volatile due to significantly lower volume as most investors only trade between standard trading hours. NVDA stock closed at $132.09 and is down -$1.95 during pre-market trading.
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