NVIDIA Daily Chart Update (04/19/2025)

What's up, traders? Let's dive into NVIDIA's chart with the SmartTrend Indicator @tradingbauhaus giving us some solid insights.

Price Action: NVIDIA's been on a downward spiral since late March, sliding from ~$148 to $104.28. It's broken below the Ichimoku Cloud, which is a big bearish flag.

Ichimoku Cloud: Price is under the cloud, and it's turned red - bears are running the show. The lagging span (Chikou) is also below the price, doubling down on the downtrend.

Key Levels: We're testing support at ~$100 right now. If it breaks, $92 might be next. Resistance is up at the cloud base around $110.

SmartTrend Indicator tradingbauhaus: This indicator's showing a strong bearish trend with a

Trend Strength of -16.4. Volatility's high at 387.76K, and the 24 High/Low is at -5.6, confirming the downtrend. Volume sentiment is neutral, though.

Signals: The SmartTrend Indicator tradingbauhaus has been dropping red X's (sell signals) that align perfectly with the downtrend. A blue X (buy signal) popped up on April 17, hinting at a possible short-term bounce, but the overall trend still looks bearish.

Volume: We've seen big volume spikes on down days, showing strong selling pressure, though it's eased off a bit recently.

My Take: The SmartTrend Indicator tradingbauhaus is leaning heavily bearish unless we break above the cloud at ~$110. Keep an eye on that $100 support – a bounce could happen, but if it cracks, $92 is in sight. What's your take, fam? Drop your thoughts below!