An NVDA stock performance review for Monday, June 20, shows a day of bearish pressure for the semiconductor giant. NVIDIA Corp (NASDAQ: NVDA) closed the main trading session in the red, leaving investors and traders to question whether this downward momentum will continue into the next trading day. This article breaks down Monday’s performance and provides a technical outlook for potential investors.
Based on the market summary, NVIDIA’s stock closed at 143.85 USD, down $1.63 (1.12%) for the day. The negative sentiment didn’t stop at the closing bell, as after-hours trading saw the stock dip further by $0.24 (0.17%) to $143.61.
Monday’s Trading Session Breakdown
A closer look at the 1-day chart reveals a story of early weakness and an inability to recover.
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Opening: The stock opened at $145.45, just shy of the previous close of $145.48.
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Intraday High and Low: NVDA quickly hit its high for the day at $146.20 in the first hour of trading before facing a sharp sell-off. The price then tumbled to its intraday low of $142.65 around 11:00 am.
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Consolidation: For the remainder of the session, the stock consolidated in a range between $143 and $144.50, failing to mount a significant recovery. This indicates that sellers remained in control for most of the day.
The closing price in the lower half of the day’s trading range, combined with the slight dip in after-hours trading, suggests that bearish sentiment is carrying over.
Key Metrics for the Modern Trader
To make an informed decision, a trader needs to look beyond the price chart. Here are the crucial figures from Monday’s session:
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Open: 145.45
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High: 146.20
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Low: 142.65
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Previous Close: 145.48
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Market Cap: 3.51LCr
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P/E Ratio: 46.34 (This indicates investors are still pricing in significant future growth).
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52-Week Range: The stock is trading closer to its 52-week high of $153.13 than its low of $86.63, placing it in the upper echelon of its yearly performance despite the day’s downturn.
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Dividend Yield: At 0.028%, the yield is minimal, reinforcing NVDA’s status as a growth stock rather than an income-generating one.
Is it Right to Invest Today? An Outlook
Given Monday’s performance, caution is warranted. The momentum is clearly pointed downwards in the short term.
For a potential investor looking ahead, two key levels are critical:
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Support Level: The intraday low of $142.65 serves as the immediate support level. If the stock breaks below this price in the next session, it could signal a continuation of the downtrend.
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Resistance Level: To reverse the negative trend, NVDA bulls will need to push the price back above the afternoon consolidation zone around
145.45.
: Jumping in to invest today might be premature for conservative investors. The stock has shown clear signs of weakness. Traders may want to wait for signs of stabilization, such as the stock holding above the $142.65 support level or decisively breaking through resistance. For short-term traders, the current momentum might present bearish opportunities. As always, market conditions can change rapidly, and this analysis is based on the data presented from a single day’s trading activity.
Disclaimer: This article is for informational purposes only and is not financial advice. All investment decisions should be made with the help of a qualified financial professional.
