- Nvidia (NVDA) rises 2.10% at the end of Tuesday’s session.
- Consensus expects the company to report revenue of $32.97 billion.
- The company will release its quarterly report on November 20.
Nvidia shares hit a daily low of $147.63, finding buyers who pushed the share price to a two-day high of $149.65, close to the all-time high reached on November 8 at $149.77. At the time of writing, NVDA is trading at $148.31, gaining 2.10% at the market close.
Nvidia resumes its bullish outlook a week after publishing its quarterly report
NVDA stock returned to winning ways, rising 2.10% today, hitting a two-day high of $149.65 after a couple of losing sessions. Investors now have their focus on the company’s quarterly report, which will be released on November 20. Analysts expect the company to post revenue of $32.97 billion and earnings per share of $0.7435.
In this context, Nvidia has officially launched its application today, which focuses on improving the experience of gamers and content creators. Investors reflect confidence in the company by maintaining its share price at levels close to its historical maximum reached on November 8 at $149.77.
Nvidia technical levels
NVDA stock formed short-term resistance at $149.77, given by the all-time high reached on November 8. We see the closest support at $143.57, the minimum of November 11 supported by the 21-period Exponential Moving Average. The next key support zone is at $132.12, the October 31 pivot point.
Nvidia 2-hour chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
