Nvidia Corporation (NVDA) is a well-known American technology company primarily known for designing graphics processing units (GPUs) for the gaming, professional visualization, data center, and automotive markets. Nvidia has been at the forefront of technological innovation in various sectors, and its products and technologies have had a significant impact on industries ranging from gaming to artificial intelligence. NVIDIA describes itself as having pioneered accelerated computing to tackle challenges no one else can solve. Their work in AI and digital twins is transforming the world’s largest industries and profoundly impacting society. Just this week Nvidia’s CEO said that ‘there’ll soon be games where AI generates, “every pixel”’. They are even creating a digital twin of our planet—called Earth-2—to help predict climate change decades in advance.
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Nvidia has a seasonally weak pattern around this time of the year with an average fall of -1.80% between April 01 and May 12. The largest fall has been a whopping 39% in 2022, but there have also been some significant gains, with the maximum rise being 28.40% in 2020. So, Nvidia is clearly a very volatile, popular, and ground breaking stock. So, does this make any dips worth buying if Nvidia falls into any of these ‘rising windows’ of support marked below on the daily chart?
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The major trade risk here is that previous seasonal trends do not necessarily repeat themselves again each year.
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular ...
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular financial instrument, group of securities, segment of industry, analysis interval or any particular idea, approach, strategy or attitude nor provides consulting nor brokerage nor asset management services. seasonax GmbH hereby excludes any explicit or implied trading recommendation, in particular, any promise, implication or guarantee that profits are earned and losses excluded, provided, however, that in case of doubt, these terms shall be interpreted in abroad sense. Any information provided by seasonax GmbH or on this website or any other kind of data media shall not be construed as any kind of guarantee, warranty or representation, in particular as set forth in a prospectus. Any user is solely responsible for the results or the trading strategy that is created, developed or applied. Indicators, trading strategies and functions provided by seasonax GmbH or on this website or any other kind of data media may contain logical or other errors leading to unexpected results, faulty trading signals and/or substantial losses. seasonax GmbH neither warrants nor guarantees the accuracy, completeness, quality, adequacy or content of the information provided by it or on this website or any other kind of data media. Any user is obligated to comply with any applicable capital market rules of the applicable jurisdiction. All published content and images on this website or any other kind of data media are protected by copyright. Any duplication, processing, distribution or any form of utilisation beyond the scope of copyright law shall require the prior written consent of the author or authors in question. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
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