-1.09% for Nvidia stock as broader market selling pressure triggers decline

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Nvidia slides 1.09% to $210.59 today

Highlights

Nvidia delivered over 70% year-over-year revenue growth and issued strong forward guidance, supporting bullish fundamentals.
The company committed to a 10-year lease for a major office expansion in Bengaluru, India, signaling a long-term investment in AI and engineering talent.
Technicals remain bullish with Nvidia trading above key averages, and a projected price range of $209.00–$214.00, with upside probability exceeding 80% for the coming week.

Growth optimism offset by institutional flows and broad selling pressure

Nvidia reported over 70% year-over-year revenue growth alongside strong forward revenue guidance in its most recent earnings report. On April 28, 2026, the company signed a 10-year lease for a 760,000-square-foot office in Bengaluru, India, as part of expanded AI and engineering operations. Major institutional investors also submitted disclosures regarding their Nvidia holdings. The company’s market capitalization approached $5 trillion, though price action has remained under broader selling pressure.

Overbought signals and mixed momentum as near-term support holds

NVDA is trading above major technical levels, with SMA-20 at $193.21, SMA-50 at $186.21, and SMA-200 at $183.35. The Ichimoku Kijun level at $190.55 serves as immediate support. Momentum remains positive as the MACD issues a buy signal, while the ADX is neutral at 17.63, indicating moderate trend strength. Short-term oscillators highlight overbought conditions in RSI (70.64), CCI, and BBP, while Stoch RSI marks a strong sell, showing divergence with positive momentum. The daily session began with a modest opening gap below yesterday’s close and the price is near today’s low in a moderate volatility setting, with intraday downside pressure and mixed momentum signals adding to uncertainty.

High upside probability as price consolidates within weekly range

Over the coming week, a typical volatility band for NVDA is expected between $209.00 and $214.00, with sideways trading forecast within this corridor. The probability of a price increase is assessed as very high (above 80%), while a decline is considered less likely. A move above $214.00 would signal a bullish continuation, while a drop below $209.00 could trigger renewed selling pressure.

Anton Kharitonov, expert at Traders Union, notes that Nvidia remains fundamentally strong, posting robust revenue growth and securing key strategic expansion in India. He sees technicals showing relative strength above major moving averages, but highlights overbought signals and recent selling pressure. The analyst remains cautious due to mixed momentum and the risk of downside below $209.00. "Base case is consolidation — I stay defensive unless we see a decisive move above $214.00," he says.

Earlier, analysts noted that Nvidia continued to exhibit strong bullish momentum amid robust institutional accumulation and persistent overbought signals, while warning of potential short-term volatility. The latest earnings beat and major corporate expansion in India further strengthen the positive outlook, making a decisive move above $214.00 the key development to watch for confirmation of renewed upside momentum.

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.