www.varchev.com

Nvidia has lost half its value in the last 4 months

Rating:

12345
Loading...

After Nvidia's meteoric rise followed a meteoric fall.

From January 2017 to last October the stock rose by nearly 170%, reaching its highest value of $292.76 in the beginning of October. But since then in only four months it has lost half of its value.

Just last week, the Nvidia slid more than 9 percent after the company cut guidance, based on deteriorating economic conditions in China. After the bottom reached in the days around Christmas, shares rose 20%, which some might see as an indication that the worst is over, but then followed the fall from last week.

According some market watchers Nvidia is no longer up in line with the S&P 500. "It's definitely not an interesting buy because you still there's a significant slowing in the cloud market." The crypto balloon burst is also a reason to stay away from Nvidia.

The stock is currently trading well below its 200-day moving average — $149.18 versus a $221.92 average. As long as the spread between these two levels is so large it is not anticipated the stock breaking above $185.


 Trader Georgi Bozhidarov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy