NVDA shares maintain trend strength supported by robust data center revenue: weekly report

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Nvidia unchanged 0.00% over the week

Highlights

NVDA maintains a medium- to long-term bullish trend as it trades above all major weekly moving averages.
Price action has consolidated at the bottom of the weekly range, with mixed momentum and overbought oscillator signals.
For the coming week, NVDA is expected to range between $190.90 and $203.96, with a 75% probability of upward movement if resistance breaks.

Data center surge boosts sentiment as institutional flows remain active

Nvidia reported quarterly revenue of $46.7 billion, driven by robust data center sales reaching approximately $41 billion amid sustained demand for AI infrastructure. The company continues expanding its global partnerships, notably in Japan, while navigating competitive pressures from emerging AI firms and major customers developing their own chips. Recently, several major institutional investors, including Sumitomo Mitsui Trust Group Inc. and Main Street Research LLC, adjusted their holdings in Nvidia as interest in the company remains strong. Nvidia's market capitalization remains close to $5 trillion.

Bullish bias holds as weekly momentum and oscillators show mixed signals

Technical signals on the weekly chart reflect consolidation with bullish characteristics. NVDA remains firmly above its MA-20, MA-50, and MA-200, indicating ongoing trend strength. Weekly MACD shows a "Strong Buy" and ADX issues a "Buy" signal, reflecting positive momentum, while oscillators such as the Stochastic RSI ("Sell") and CCI ("Neutral") point to limited short-term upside, suggesting the price is neither oversold nor overbought. The Bull/Bear Power indicator registers an "Overbought" reading, and the Awesome Oscillator is neutral, highlighting a pause near support levels amid mixed momentum and oscillator signals.

Modest gains favored next week as breakout levels define risk

Over the next 5 trading days, NVDA is expected to trade within a weekly range of $190.90 to $203.96. With 75% of key weekly indicators signaling upward momentum, the baseline scenario favors sideways or modest upward movement. A bullish breakout above $203.96 would open the way for further gains, while a move below $190.90 could prompt a deeper pullback toward broader support levels.

Parshwa Turakhiya, analyst, sees Nvidia’s week as one of confident consolidation supported by upbeat data center growth and continued institutional interest. The price held above all major averages, while sentiment remained upbeat with technical signals showing trend strength despite some divergence among oscillators. He notes that although momentum is robust, near-term resistance at $203.96 and overbought readings could prompt sideways or modest upward action. A close above $203.96 may spark renewed buying, while a break below $190.90 could push it down to broader support areas. "With momentum strong but oscillators cautious, I’m watching for a range breakout, but expect consolidation to dominate in the coming week."

Earlier, analysts noted that Nvidia's expanding role in AI and continued demand for high-performance chips have underpinned both sector growth and investor enthusiasm. As the current technical setup points to consolidation with bullish momentum, traders should closely monitor price action around the $203.96 resistance, as a breakout could signal renewed upside in line with the asset’s long-term trend.

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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