Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD)
Strong Downtrend (-100) - NVD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NVD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NVD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NVD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NVD
The long-term trend has been DOWN since Nov 14th, 2023 at 22.350
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 4.900
The short-term trend has been DOWN since May 3rd, 2024 at 4.855
Smart Scan Analysis for NVD
Based on our trend formula, NVD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.740 | 4.740 | 4.540 | 4.635 | +0.035 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.600 | 4853702 | 2024-05-08 15:14:31 |
| 52wk High | 31.4542 | 52wk High Date | 2023-10-31 |
| 52wk Low | 4.43 | 52wk Low Date | 2024-03-25 |
| Average Volume | 6,251,682 |