Nvidia Corp (NASDAQ:NVDA) will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects 84 cents in EPS and $38.05 billion in revenues as the company reports after market hours.
The stock is up 60.11% over the past year, down 8.44% YTD.
Let’s examine the charts for Nvidia stock and how it currently compares to Wall Street estimates.
Read Also: Nvidia Stock ‘Quite Cheap’ Ahead Of Q4 Earnings: Analyst Says ‘Growth Story Is Intact
Nvidia Stock Faces Bearish Momentum Ahead Of Q4 Earnings
Chart created using Benzinga Pro
Nvidia stock, at $129.88, is facing strong bearish momentum, ahead of reporting fourth-quarter earnings. The stock trades below its five-day, 20-day and 50-day exponential moving averages. This indicates continued selling pressure, as short-term trends remain unfavorable.
The eight-day simple moving average (SMA) of $134.85, 20-day SMA of $129.93 and 50-day SMA of $134.03, all suggest a bearish outlook.
However, some technical indicators hint at potential stabilization. Nvidia's 200-day simple moving average at $126.40 signals long-term support, though its Moving Average Convergence Divergence (MACD) indicator at a negative 0.31 supports the bearish signals. With a Relative Strength Index (RSI) of 46.78, the stock trades in the neutral territory but has yet to reach a critical reversal zone.
Investors should watch for a break above key moving averages to confirm a bullish reversal or further declines reinforcing the current downtrend.
Nvidia Analysts See 52% Upside
Ratings & Consensus Estimates: The consensus analyst rating on Nvidia stock stands at a Buy currently with a price target of $172.28. The latest analyst ratings from Rosenblatt, Morgan Stanley and Tigress Financial imply a 52.26% upside for Nvidia stock, with an average price target of $197.33.
NVDA Price Action: Nvidia stock closed Tuesday’s trading day at $126.63, down 2.8%.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
