Nvidia Corp. (NVDA) is ready to report earnings on Wednesday. NVDA shares have been stalled recently and overall the charts are mixed. Let's check them out.
In the daily bar chart of NVDA, below, we can see that prices broke out on the upside earlier this month -- breaking out a five-month sideways consolidation pattern. The slopes of both the 50-day and 200-day averages are bullish.
The On-Balance-Volume (OBV) line shows a gradual uptrend telling us that buyers of NVDA have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is bullish but narrowing.