Nvidia stock consolidates as US refunds $166B Trump-era tariffs

Traders Union
All News
Financial News
Nvidia slips 0.79% to $199.86 today

Highlights

The US refunded $166 billion in Trump-era tariffs following a Supreme Court decision, easing global trade tensions.
EU retaliatory tariffs have dropped to 0.8% and require new escalation triggers before September 30, reducing short-term risk.
Nvidia is technically bullish with strong momentum and overbought signals, likely trading between $194.00 and $204.00 next week.

Trade tension relief as US refunds tariffs and EU threat recedes

The United States has refunded $166 billion in Trump-era tariffs after a Supreme Court ruling, reducing trade tensions that previously impacted sectors reliant on global supply chains. EU retaliatory tariffs, formerly tied to these US actions, now stand at 0.8% and require a new geopolitical trigger for escalation by September 30, though price action has remained under broader selling pressure.

Overbought signals emerge as NVDA trades above all support levels

NVDA trades well above the SMA-20 ($181.45), SMA-50 ($183.30), and SMA-200 ($181.77). The Ichimoku Kijun level at $182.98 now acts as immediate support. Momentum signals are positive: the MACD shows a buy signal, and the ADX at 15.28 indicates a weak but persistent trend. RSI is elevated at 71.19; CCI is 156.30; Stoch RSI is at 100; BBP stands at 12.44 — all flagging overbought conditions and potential buyer exhaustion. The Awesome Oscillator remains supportive, but the stock is trading near the low end of today's tight range, suggesting low volatility and mild early-session pressure.

Sideways price scenario as volatility bands define breakout risk

Over the coming week, the typical volatility band is expected between $194.00 and $204.00. The price is likely to move sideways within this corridor, with an over 80% chance of further gains. A push above $204.00 could trigger new upside momentum, while a break below $194.00 could lead to a deeper pullback, though current conditions make the latter less probable.

Viktoras Karapetjanc, expert at Traders Union, sees NVDA as showing strong resilience both in price structure and in light of improving global macro conditions. He believes that the recent rollback of US tariffs reduces systemic risk and boosts sector confidence, adding a positive backdrop to already bullish technical signals. Price is holding firm above key moving averages, with supportive momentum, though some short-term indicators warn of possible buyer fatigue. Karapetjanc expects the price to remain inside the $194.00–$204.00 band, with odds tilted to the upside. "With trade tensions easing and technical momentum holding, I expect NVDA to build a base for further gains in the near term."

Earlier, analysts noted that Nvidia’s sustained strength and expanding strategic partnerships were driving a broadly bullish outlook for the stock. The current setup not only reinforces this positive momentum despite short-term volatility, but also highlights that a decisive move above $204.00 could renew upside acceleration for NVDA in the coming week.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.