Shares of Nvidia (NVDA) are testing its 200-day moving average line. Let's check out the charts and the indicators to see if the shares will fail at this chart point or push above it.
In the daily bar chart of NVDA, below, we can see that the shares have made a recovery from a low in early October. Prices closed above the 50-day moving average line by the end of October and the slope of this shorter average turned positive in early November. NVDA is testing the declining 200-day line and the jury is out on whether prices continue to rise.
Trading volume has declined from early November into December and that is not what bullish traders want to see -- they would rather see volume increase. The daily On-Balance-Volume (OBV) line has stalled since the middle of November. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside but Friday's price strength may move the oscillator higher.



