NVIDIA Corporation (NVDA) ranks 61st of 504 stocks in the SIA S&P 500 Index Report, placing it in the Favored Green Zone. The stock has climbed 82 positions over the past month and 163 over the past quarter. Its SIA SMAX score is 9/10.
NVIDIA has returned 5.76% over the past month, 15.11% over the past quarter and 20.97% year to date. Over the same periods, the S&P 500 Index returned 0.86%, 5.25% and 13.12%, respectively.
The stock’s latest point and figure signal is a Double Top. Near-term support sits at the 3-box reversal level of $210.16, followed by $190.35. Resistance stands at $232.03 and the all-time high of $236.67, with a further potential resistance level at $251.16.
The Electronics and Semiconductors sector ranks 8th of 31 sectors in the SIA Sector Report and sits in the Favored Green Zone. Investment advisors can consider these relative-strength and technical levels when reviewing NVIDIA’s place within their existing portfolio strategies.
Founded in 1993 and headquartered in Santa Clara, NVIDIA develops accelerated computing and semiconductor technology. Its Compute & Networking business includes GPU platforms, networking, software, and automotive and robotics tools, while its Graphics business includes gaming and professional visualization GPUs. Data Center accounts for approximately 90% of revenue, based on the company information supplied.
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