Nvidia: Big Price Changes Coming

Nvidia: Big Price Changes Coming

2021-07-19 • Updated

What is happening?

Since the market crash in March 2020, Nvidia gained 350% and reached an incredible $835 per share. This significant result was caused by terrific growth in video gaming and huge demand for graphic cards, thanks to the cryptocurrencies boom.

Things have changed after the huge correction in the crypto market. Graphic cards lost 20% during June from their prices after the demand drop caused by Bitcoin and Ethereum prices crash.

A story like this has already happened. In 2018 Nvidia got hurt as miners decided to offload their graphic cards in the preowned market. The stock was dumped by 50%.

What does happen during shares get split?

Beginning on July 20th, shares are expected to get a four-for-one stock split. It means NVIDIA stock is going to be 4th time cheaper that makes it more available for retail investors. But don’t be so happy about it, as history knows stories about a massive stock’s prices drop after a split.

Tesla’s daily chart

TESLADaily.png

Tesla’s stock dropped down by 51% after the stock got split on September the 1st.

Apple’s weekly chart

APPLEWeekly.png

Apple’s stock dropped down by 31% after the stock got split on September the 1st.

How to trade?

In the previous article, we have described the situation NASDAQ index correction.  NVIDIA is one of the largest capitalization companies in NASDAQ, that is why the price will go down with the technology companies’ main index.

NVIDIA’s 4H chart

NVIDIAH4.png

We suggest opening a short position on July 20th. The first target is a 100-period moving average with the price at $700. If the price breaks this support level, it will head towards $620, which is about the 200-period moving average.  As it is seen on a chart, during every correction price reaches this support line.

Similar

Perfect Time to Invest In FAANG Stocks
Perfect Time to Invest In FAANG Stocks

Apple, Microsoft, and Google reported their financial results for the second quarter. Despite strong earnings, the companies closed in red yesterday. Why? What to do now?

Microsoft: earnings report on July 27
Microsoft: earnings report on July 27

What will happen?  Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3)…

Coca-Cola Reports Q2 Earnings Soon
Coca-Cola Reports Q2 Earnings Soon

Coca-Cola, the US beverage giant, will reveal its earnings results for the second quarter on July 21 before the stock market opens (16:30 GMT+3).

Latest news

TripAdvisor: earnings report on August 5
TripAdvisor: earnings report on August 5

What will happen? TripAdvisor, the world's largest travel platform, will present its earnings report for the second quarter on August 5 at 23:00 MT (GMT+3)…

Electronic Arts: Earnings Report on August 4
Electronic Arts: Earnings Report on August 4

What will happen? Electronic Arts, the global leader in digital interactive entertainment, will present its earnings report for the second quarter on August 4 after the stock market closes (23:00 GMT+3)…

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera