Monitor These Nvidia Stock Price Levels After Two Years of Massive Gains | Global News Avenue

shares Artificial Intelligence (AI) Chipmaker Nvidia (NVDA) will be in CEO Jensen Huang’s speech It’s scheduled to take place next Monday at the Consumer Electronics Show in Las Vegas.

Investors will be watching for an update from Huang on the company’s Blackwell chip sales forecast, as well as details on Nvidia’s planned release of Blackwell’s successor, Rubin, in 2026. Several leading Wall Street firms have named the AI ​​giant one of the “Top Companies of the Year” in 2025First choice,” noting that strong demand for its Blackwell platform has the company set for another year of explosive growth.

Nvidia shares ended 2024 up 170% as demand for its chips surged from big tech customers including Microsoft.Microsoft Corporation), Yuan (Mehta) and the alphabet’s (Google) Google – enhanced their AI data center and cloud computing infrastructure. This follows a 240% increase in 2023, followed by another significant increase last year.

Below, we take a closer look at Nvidia’s chart and use technical analysis Identify key price levels to watch early on January.

The descending channel begins to take shape

After hitting an all-time high in late November, Nvidia shares Descending channelthe price has marked the pattern’s upper and lower trend lines multiple times since then.

Recently, the stock has experienced selling pressure near the top trendline of the channel, 50-day Moving Average (MA)although the move came amid light year-end trading volume for the stock.

this Relative Strength Index (RSI) slight signal bearish The stock’s price momentum will kick off 2025 with the indicator falling below 50.

Let’s look at the key support and resistance As the first quarter begins, investors will likely be watching levels on Nvidia’s chart.

Key support levels worth paying attention to

The first level to watch is around $130, which is where the stock could find support on the chart near the trendline connecting the main August trendline. high swing with december swing low.

A close below this important technical level could push the stock below the descending channel’s lower trendline and retest lower support near $115. This position is currently slightly lower than the rising 200-day moving averagemay attract nearby buying interest horizontal line It links a range of comparable price points between May and October last year.

Important resistance levels to monitor

Once prices move higher from current levels, investors should first focus on the $140 area. The stock may find resistance in this area near the upper trendline of the descending channel, which is also closely tied to the stock’s June 2024 move peak.

If bought above that level, shares could rise to around $150. Investors who have recently purchased retracement may seek Lock in profits Near this area there is a series of price action It’s below the stock’s all-time high.

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As of the date of this writing, the author did not own any of the securities mentioned.