Nvidia stock price forecast: $199.36 support as NVDA trades sideways

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Nvidia drops 0.77% today to $212.61

Highlights

Nvidia entered the PC processor market with its N1X and RTX Spark superchips, expanding competition beyond GPUs and into CPUs.
The Vera Rubin platform's full-scale deployment and alliances with enterprise software providers signal Nvidia's aggressive infrastructure and ecosystem growth.
NVDA shows short-term selling but retains a strong medium- and long-term uptrend, with expected consolidation between $209.90 and $213.60 barring a breakout above resistance.

Market expansion and alliances boost Nvidia amid selling pressure

Nvidia formally entered the PC processor market with the June 1 announcement of its N1X processor and RTX Spark superchip at GTC Taipei 2026, broadening its competitive landscape into the CPU segment. The co-development of the N1X processor with MediaTek using advanced 3-nanometer process technology and the industrial rollout of the Vera Rubin platform, now moving into full production for agentic AI factories, highlight Nvidia's push into new markets and infrastructure. The company further expanded its ecosystem by introducing new software, open-source models, and forming alliances with leading enterprise software providers, while shareholder returns were addressed through a raised dividend to $0.25 per share and an expanded buyback authorization. These developments follow the release of strong fiscal 2027 Q1 results and robust free cash flow, though price action has remained under broader selling pressure.

Mixed technical momentum as volatility rises near key resistance

Technically, NVDA faces immediate resistance at the Ichimoku Kijun level of $215.64, aligning with the SMA-20 at $215.49. Support lies at the SMA-50 at $199.36 and further below at the SMA-200 at $187.65. Momentum indicators show mixed signals: the MACD indicates strong buy, the ADX is neutral, the RSI is near 51 and signals a buy, while the Stoch RSI is oversold and the CCI remains neutral. BBP suggests overbought conditions and ongoing buyer dominance, but intraday volatility has increased, with the price moving closer to the lower end of today’s range after an initial gap up and subsequent selling.

Sideways trade expected as range persists and breakout risks mount

The short-term outlook expects NVDA to trade between $209.90 and $213.60, reflecting typical volatility near current levels. The baseline scenario is for the price to fluctuate sideways within this narrow band. A move above $215.64 could prompt renewed bullish momentum, while a break below $209.90 risks a deeper pullback toward the next support.

Anton Kharitonov, expert at Traders Union, sees Nvidia's expansion into the PC processor market as fundamentally significant, but treats current market reaction with caution. He highlights that technical levels point to strong resistance near $215.64, while momentum signals are mixed and price is soft. Kharitonov notes that despite robust news and healthy fundamentals, price action has not confirmed a bullish breakout. "Until we see NVDA reclaim and hold above $215.64, I remain defensive and wait for more proof of sustained demand."

Previously it was reported that Nvidia entered the PC processor market with the introduction of its N1X chip and RTX Spark superchip, marking a significant expansion beyond its traditional GPU business. With the stock now exhibiting heightened volatility and consolidating above key medium- and long-term averages, traders should monitor the $215.64 resistance level closely as a potential catalyst for renewed bullish momentum should it be exceeded.

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.