Nvidia’s stock closed at roughly $194.83 in early July, having shed approximately 13% over the prior month.
The technical picture: bruised but not broken
Nvidia is currently trading below both its EMA20, sitting at $202.75, and its EMA50, at $204.19. Those two levels are now acting as near-term resistance. The daily RSI reading of 41.16 places the stock in technically bearish territory, and the MACD histogram is negative, meaning downward momentum has not fully cleared the system yet.
Nvidia’s EMA200 is holding near the $188 to $189 range, and the stock has not closed below it. Traders are now watching two specific triggers. First, a reclaim of the $195.75 daily pivot point. Second, a sustained close above the $199 to $200 zone.
44 upgrades versus 4 downgrades: analysts are not hedging
