Peter Smith
⬤ Nvidia shares have been going nowhere fast for the past six months. The stock keeps bouncing between well-defined price levels instead of breaking out in either direction. TrendSpider's data shows NVDA rotating around the same value zones over and over, with neither bulls nor bears able to take control.
⬤ Three price levels tell the whole story here. Up top, there's resistance around $190 where rallies keep dying out. On the bottom, support sits near $174 where dip buyers keep showing up. Right in the middle at $182 is where most of the actual trading happens—this Point of Control marks the price where the market has been most comfortable doing business.
⬤ That $182 level keeps pulling price back like a magnet. Every time NVDA pushes toward either end of the range, it eventually drifts back to this middle ground. The volume data backs this up—the heaviest trading activity is clustered right around $182, not at the highs or lows.
⬤ This matters because Nvidia is still a major player in tech and chips. A clean break above $190 would signal the consolidation is over and buyers are back in charge. A drop below $174 would flip the script and suggest sellers are winning. Until one of those levels breaks, NVDA looks stuck in neutral, and that's keeping near-term direction limited.
Peter Smith
