Please declare your traffic by updating your user agent to include company specific information.įor best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic.

To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Nvidia has resistance above at $180.73 and $187.80 and support below at $161.37 and $145.75.Your Request Originates from an Undeclared Automated Tool.Exaggerated bullish divergence occurs when a stock’s lows are flat, but its relative strength index forms a series of higher lows. Nvidia has developed exaggerated bullish divergence on the daily chart, which suggests the most likely scenario is for the stock to trade up higher over the coming days.The most recent lower high was printed on May 17 at $183.17 and Nvidia will either have to rise up above that level or retrace to print a higher low in order to negate the downtrend. If Nvidia suffers a bearish reaction to its earnings, the double bottom pattern will be negated and the descending trendline is likely to push the stock lower within its downtrend.If Nvidia receives a bullish reaction on Thursday, the stock will break through a bearish descending trendline that has been holding Nvidia down since April 20. The Nvidia Chart: Nvidia was trading up over 5% higher heading into its earnings print, in reaction to a bullish double bottom the stock printed at the $157.55 mark on May 20 and Tuesday.

Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial. The implied move for options of Nvidia expiring this week is 10.80%. Options traders, particularly those who are holding close dated calls or puts, take on extra risk because the intuitions writing the options increase premiums to account for implied volatility. Of course, holding stocks or options over an earnings print is akin to gambling because stocks can react bullishly to an earnings miss and bearishly to an earnings beat.

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