Bearish technicals keep Nvidia stock under pressure following stock split and dividend hike

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Nvidia slides 1.89% today to $175.31

Highlights

Nvidia beat earnings forecasts, unveiled a 10-for-1 stock split, raised its dividend, and extended energy-focused AI partnerships.
Networking revenue soared 263% amid robust demand for GPUs and data center products, while a board member sold $38.5 million in shares.
Shares trade below key averages under sustained bearish pressure, with a projected five-session range of $173.00–$182.95 and limited upside potential.

Mixed earnings optimism offset by persistent institutional selling

On March 25, 2026, Nvidia reported quarterly earnings that exceeded expectations, announced a 10-for-1 stock split, and raised its dividend. The company also expanded a partnership with SLB to develop artificial intelligence solutions for the energy sector and reported that its networking revenue rose by 263%, accompanied by continued strong demand for its GPUs and data center products. Board member Mark A. Stevens disclosed the sale of $38.5 million in Nvidia shares on March 20, 2026. These developments were reported as price action has remained under broader selling pressure.

Technical indicators confirm weak momentum amid downward range

Technically, NVDA remains below all key moving averages, including the Ichimoku Kijun level at $184.74, which now acts as resistance. Momentum indicators show persistent weakness: the MACD signals a sell, ADX at 14.10 indicates a weak trend, and both the RSI (46.39) and CCI (-40.10) are leaning bearish but not yet oversold. Bull/Bear Power (BBP) and the Awesome Oscillator further support the prevailing downside, while the price action today is confined to a narrow, downward-trending range, reflecting low volatility and continued selling pressure. Divergences persist as the HMA maintains a strong buy, with some intraday signals approaching oversold conditions.

Limited upside as volatility narrows and downside risk prevails

For the short term, the anticipated volatility band relative to current levels is expected between $173.00 and $182.95 over the next five sessions. The probability of a meaningful upside breakout remains low (less than 20%), with cumulative technical signals suggesting further downside or sideways movement as the baseline scenario. Price bias will remain range-bound without new major catalysts; a bullish break requires a sustained move above $184.74, while a decisive decline below $173.00 could accelerate losses.

Anton Kharitonov, expert at Traders Union, sees NVIDIA’s short-term technical setup as weak despite positive earnings and news flow. He notes the stock is pressured, trading below all major moving averages, with indicators confirming persistent bearish momentum. Base case remains for further downside or range-bound movement unless prices reclaim $184.74. "Until NVDA breaks convincingly above resistance, caution and capital preservation are my priorities here."

Earlier, analysts noted that Nvidia was entering a consolidation phase as investors weighed AI-driven growth against intensifying competition. The current slide below all major moving averages and recent bearish momentum indicators highlight a shift toward increased downside risk, making a sustained move above $184.74 the critical threshold for any potential recovery in coming sessions.

Source of Data: NVDA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.