Where Is The Bottom? | NVDA Stock Prediction | NVDA Stock Analysis

hello everyone welcome back to unde radar talks Nvidia shares fell 2.1% on Wednesday the reason why the stock has not fallen in the last eight trading days is that the company is waiting for its second quarter earnings report but the Capital Market is cruel although the market generally predicts that the company's performance will be better than expected envidia stock has still shown signs of a lot of capital flight in recent trading days which is why I continue to be bearish on the stock recently on Wednesday the company reported its fourth consecutive quarter of triple digit Revenue growth with both revenue and profit exceeding expectations it also released a forecast that exceeded Wall Street expectations but gross margins declined slightly the company also plans to repurchase 50 billion doll worth of shares to strengthen its repurchase program data shows that the daily short ratio of the stock was 99.4% on August 22nd but this ratio fell below 9% in the next three trading days the data for August 28th is not yet shown but the ratio is expected to exceed 9% although the daily short ratio has not changed much it also reflects that the bullish sentiment of the stock has not increased significantly before the quarterly earnings report is released according to the volume analysis of the stock the stock price is consolidating in the range of $124 to $129 however the reason why the stock price failed to really fall below this range is that there is strong support at $124 because a large amount of long Capital entered the market at this level from August 15th to 16th however the stock price fell below this position on three of the last five trading days and its trading volume was significantly enlarged which may be a signal that large funds have withdrawn from the market and it also reflects that this position is not unbreakable let's take a look at the 15minute chart of the stock we can see that the stock price fell sharply on August 22nd with a large volume the stock price Rose strongly in the morning of August 23rd but fell back the next day the stock price Rose strongly in the morning of August 27th but fell again the next day the result of this situation is that once the stock price gains a foothold in this area it will Usher in a big rise and if it cannot then the stock price will fall sharply it's just that the performance of the semiconductor sector has been unsatisfactory recently and under this background the short sellers of the stock have accelerated the selling let's take a look at the capital flow data of the stock we can see that in the last seven trading days there were 5 days of net capital outflow and the amount was much higher than the net inflow which is consistent with its trading volume although the capital flow data may be reversed in some cases in this scenario there is no doubt that these net outflows are not reverse entry funds let's take a look at the market position distribution data of the stock the stock fell 7% in after hours trading on Wednesday and the stock price came to $116.7 since it even fell below the $120 level this reflects that the amount of capital outflow from the stock recently is very large and it also indicates that the consolidation period of the stock has ended analyze through the current position distribution of the stock after the close of August 28th the position distribution between $125 and $129 was relatively concentrated but now this area has completely become a resistance area the position distribution between $111 and $116 is also relatively concentrated so I think the stock price May consolidate in this area which is between 7% and 11% away from the current price but if the stock price still cannot find a foothold in this area then the stock price may fall to the $15 level but I think this is unlikely because the FED is likely to cut interest rates in September okay guys this is my price prediction for Nvidia stock thank you for watching if you like my analysis please click the Subscribe button and give a thumbs up I will bring you more latest price predictions for popular stocks later see you in the next video