NVIDIA stock (NASDAQ: NVDA) closed the last trading session with a powerful surge, signaling strong bullish conviction and putting the semiconductor giant on the cusp of a new record high. As traders prepare for the market to open on Monday, all eyes are on whether this powerful momentum can continue and push the stock into breakout territory.
Here’s a comprehensive breakdown of the critical data from the screenshot and what it means for your trading strategy.
Wednesday’s Dominant Performance
NVIDIA’s stock ended the session on Wednesday, July 3rd, at
3.95, or 2.58%. The day was a clear victory for buyers, as demonstrated by the strong intraday performance.
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Open: $152.98
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High of the Day: $157.60
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Low of the Day: $152.97
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Previous Close: $153.30
The stock opened near its low and immediately began a sharp rally in the first hour of trading. After hitting its peak, it did not pull back significantly. Instead, it consolidated its gains, trading sideways for the remainder of the day. This pattern is highly bullish, as it indicates that buyers absorbed any selling pressure and were content to hold the stock at its elevated price.
Pre-Market Activity Signals Continuation
Adding to the bullish sentiment, pre-market data shows the stock trading at
0.20 (0.13%). While a modest gain, this positive pre-market action suggests that the upward momentum from the previous session is carrying over. It indicates continued buying interest even after the market close, setting a positive tone for the Monday open.
Key Metrics Every Trader Should Know
To understand the full context, here are the essential metrics for NVIDIA stock:
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52-Week High: $158.71. This is the most critical number on the chart. The stock closed just 1% below its all-time high, making a breakout attempt highly probable.
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52-Week Low: $86.63. This highlights the stock’s incredible performance over the past year.
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Market Cap: $3.84 trillion (based on the “3.84LCr” figure, representing one of the largest companies in the world).
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P/E Ratio: 50.65. This is a high valuation, reflecting investor confidence in NVIDIA’s future earnings and its dominance in the AI sector.
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Dividend: The yield is minimal at 0.025%, confirming that NVDA is a growth stock, not an income investment.
Market Outlook: Will NVIDIA Stock Go Up or Down on Monday?
The evidence overwhelmingly points towards a bullish continuation on Monday, but traders should remain strategic.
The Bullish Case (High Probability): The combination of a strong closing rally, consolidation at the highs, and positive pre-market activity creates a classic bullish setup. The path of least resistance appears to be upward. A move to test and break the 52-week high of $158.71 seems imminent.
The Cautious Case (Low Probability): The primary risk is that the stock is at an all-time high, a natural point for some investors to take profits. If the stock attempts to break $158.71 but fails and reverses, it could create a “bull trap” and lead to a short-term pullback.
Conclusion for Traders: Is It Right to Invest Today?
For traders, the setup is compellingly bullish. Monday’s session will be pivotal.
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Watch the Breakout Level: The most important price to watch is $158.71. A sustained move above this level on good volume would confirm a breakout and likely trigger further buying.
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Identify Support: The immediate support level is the consolidation area around $157.00. If the stock dips, this is the first level that buyers need to defend to maintain momentum.
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The Game Plan: The primary strategy for Monday should be to watch for a confirmed break of the all-time high. Investing at these levels carries the inherent risk of buying at a peak, but the technical signals suggest that more upside is likely. Aggressive traders may look to enter on a break of $158.71, while more conservative traders might wait for a small dip to test support before entering.
Given the powerful momentum, the forecast for NVIDIA stock on Monday is positive, with a high likelihood of an attempt to set a new record.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. All trading and investment decisions should be made based on your own thorough research and risk assessment.
