Nvidia (NVDA) Poor Technicals & Relative Strength – June 25th, 2019

The bearish DailyPlay we chose for Tuesday, June 25th is Nvidia (NVDAWealth Strength IndexNVDA is Extremely Up and trending Up). NVDAWealth Strength IndexNVDA is Extremely Up and trending Up is part of the Technology Sector (XLK). XLK has rallied 7.07% higher over the past month and its 1m and 6m trend turned bullish on June 7th but has failed to print new highs and bounced off its $79 resistance level.

Nvidia’s 1m and 6m trend turned neutral and bearish on June 17th and recently bounced lower off its $157.50 resistance level with weak moneyflow. With a technical score of 5 (out of 10), NVDAWealth Strength IndexNVDA is Extremely Up and trending Up is a neutral stock that is starting to turn lower.

As a stop loss, if NVDAWealth Strength IndexNVDA is Extremely Up and trending Up was to trade above $157.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View NVDAWealth Strength IndexNVDA is Extremely Up and trending Up Trade