Nvidia Stock's Technical Indicators Show Bullish Momentum Ahead Of Q2 Earnings
Portfolio Pulse from Surbhi Jain
Nvidia Corp (NASDAQ:NVDA) is set to report its Q2 earnings with Wall Street expecting 64 cents EPS and $28.6 billion in revenues. The stock shows bullish momentum with its price above key moving averages, though caution is advised due to potential overbought conditions. Analysts see a 22% upside with a consensus price target of $497.42.
August 27, 2024 | 1:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nvidia's stock is showing bullish momentum ahead of its Q2 earnings report, with technical indicators supporting an upward trend. Analysts predict a 22% upside with a consensus price target of $497.42. However, caution is advised due to potential overbought conditions.
Nvidia's stock is trading above key moving averages, indicating bullish momentum. The MACD and Bollinger Bands also support this trend. Analysts have a 'Buy' rating with a significant upside potential. However, the RSI suggests caution as the stock approaches overbought territory.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100