Artem Voloskovets
NVIDIA shares are drawing attention again as the stock settles near levels that could determine its next move. The daily chart shows something interesting—two key support markers are lining up at the same spot: the 50-day moving average and the volume Point of Control. When technical signals cluster like this, traders pay attention.
Current Setup
In a recent tweet, trading platform Trend Spider highlighted how NVDA is trading around $179–$182 after pulling back from highs above $190. What makes this range notable is that both the 50-day SMA and the volume PoC sit right here. That overlap creates a stronger support zone than either indicator would alone, and it's giving bulls a chance to step in at what might be a relatively safe entry point.
The volume profile tells us something important too—there's been heavy trading activity at these levels, which usually means institutional players have taken positions here. That kind of participation tends to make price levels stickier.
What's Next
Key levels to watch:
- Resistance: If the stock bounces and clears $185, we could see it push toward $190 and maybe even test $200
- Support breakdown: A close below $179 that holds might open the door to $170 or even $160
- Current zone: The $179–$182 range is where the battle is happening right now
This consolidation is playing out while NVIDIA continues to lead in AI and data centers, keeping it at the forefront of the semiconductor industry. The fundamentals remain solid, but like much of tech lately, the stock's been choppy. Traders are now watching to see whether this technical support will actually hold up.
Artem Voloskovets
