Stock Details

Ticker	Company	Last	Change	Stock(8)	RSI(14)
NVDA	NVIDIA Corporation	694.52	-4.35 %	57.66	63.33
Technical Analysis Report: NVIDIA Corp. Stock (NVDA)

The reported candlestick pattern for NVDA is a "Belt Hold - bearish", which typically indicates a trend reversal or correction and requires continuous monitoring.

Stochastic Status

The Stochastic(8) is at 57.66. This means that the stock is not currently in an considered overbought or oversold condition, but it is closer to the overbought zone. This could potentially indicate a downward price correction, but it's not strongly indicative on its own.

Relative Strength Index

The RSI(14) currently stands at 63.33, which is traditionally a relatively strong condition, suggesting more gains than losses over the past 14 periods. However, as it is nearing the overbought level of 70, there is a possible hint towards a future price correction. 

Simple Moving Averages

Both EMA21 and EMA80 are trending bullish, with the closing price being above both, and EMA21 being above EMA80. This generally indicates the persistence of a bullish trend, demonstrating that in recent periods, buyers have been more aggressive than sellers.

ADX Direction

The ADX value is 53.5, significantly above the threshold of 25, showcasing strong trend strength. Given that both EMAs are trending bullish, this tells us that the upward trend has been particularly strong.

Price Activity

The recent price change of -4.35% is negative, which usually indicates selling pressure. 

Sentiment for the Next Period

Considering all the above-indicated technical indicators, there is a mixed sentiment for the NVDA stock. The negative price change, high ADX value, and nearing overbought conditions of RSI and stochastic imply a potential for a downward price correction.

However, the bullish EMAs offer a contrasting view, indicating that the overall trend is still bullish. Thus, there might be a temporary price pullback followed by a return to an upward trend. It is important to watch the price action closely in the following periods.

Disclaimer

This analysis is not an investment recommendation. Any decision to invest should be taken carefully, considering investor's individual risk profile and financial situation. The report is generated based only on technical analysis and doesn't consider fundamentals of the company or external market factors, that could also influence the stock price of NVDA.