Nvidia shares trade within recent range as consolidation ensues following record results: weekly report

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Nvidia gains 0.84% this week

Highlights

Nvidia maintains a strong bullish structure, trading above all major moving averages and confirming dynamic support at current levels.
Key technical signals are mostly bullish, though short-term exhaustion and consolidation are evident after recent upward movement.
The next 7-day expected range is $189 to $226, with over 80% probability favoring further upside unless $189 support fails.

Strategic partnerships boost sentiment amid strong AI demand this week

Nvidia announced new strategic partnerships with major South Korean technology groups including SK Hynix, SK Telecom, Naver, and Doosan Group to accelerate development of AI data centers, memory technology, and robotics platforms. The company completed the acquisition of Kumo AI, expanding its position in predictive business foundation models and the broader AI ecosystem. Recent record financial results and continued strong demand for Nvidia's AI chips and infrastructure support the positive outlook. CEO Jensen Huang characterized recent market weakness as a buying opportunity during ongoing sector leadership.

Bullish technicals persist despite overbought signals over the week

On the weekly timeframe, Nvidia remains well above its primary moving averages (MA-20, MA-50, and MA-200), confirming a bullish structure with dynamic support at MA-20 ($194.00) and MA-50 ($185.83). The primary support zone is near $189, with resistance established around $226. Weekly RSI and key momentum indicators like MACD, ADX, and CCI are showing positive alignment, though overbought readings from Stochastic RSI and Bull/Bear Power signal some exhaustion and potential consolidation near support. Overall, technicals reflect a short-term pullback within a strong medium-term uptrend.

Upside potential holds as volatility fuels next week’s consolidation range

For the next 5 trading days, Nvidia is expected to consolidate between $189 and $226, with ongoing elevated volatility (weekly range at 9.07%) and a strong probability of maintaining upward momentum. If the price sustains above $226, a renewed uptrend and potential new highs may follow. A decisive break below $189 would suggest deeper retracement toward the MA-20 support and could trigger additional downside pressure. Baseline expectation is for steady consolidation after recent fluctuations as W1 indicators favor continued strength.

Anton Kharitonov, analyst at Traders Union, sees Nvidia demonstrating resilience this week despite closing near the weekly range’s lower end. He notes that strong positioning above all key moving averages continues to support the stock’s bullish framework. Cautiously, Kharitonov points out that momentum remains positive but early signs of exhaustion are emerging in several oscillators. Recent strategic partnerships and continued demand for AI infrastructure provide a favorable backdrop, but the risk of consolidation grows as technicals show some divergence. Base case for the coming week remains steady trading between $189 and $226, with heightened volatility likely to persist. "Until Nvidia breaks and holds above $226, I prefer a defensive stance and will monitor support closely at $189 for any early warning of downside risk."

Earlier, analysts noted that Nvidia was navigating a period of mixed market momentum, with strong long-term prospects supported by its expanding AI partnerships and acquisitions. The latest technical and fundamental developments now reinforce this positive outlook, with consolidation above key weekly moving averages suggesting that maintaining support near $189 is critical for sustaining upward momentum in the sessions ahead.

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

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