Nvidia stock falls amid persistent downward price move

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Nvidia slides 8.9% to $182.32 today

Highlights

Nvidia stock fell for seven straight sessions through November 4, hitting a nearly three-month low under sustained selling pressure.
ETFs purchased $786.7 million in Nvidia shares on November 4, with an additional $355.3 million allocated the previous day.
Technical signals remain bearish across all timeframes, with the stock expected to trade between $177.73 and $186.91 in the near term.

Sustained selling meets ETF buying as business update anticipation builds

Nvidia stock experienced seven consecutive sessions of decline through November 4, reaching a nearly three-month low according to TradingKey, which highlights sustained selling pressure and weak market sentiment. In spite of pronounced outflows, institutional activity showed that 55 ETFs purchased a combined $786.7 million in Nvidia shares on November 4 after an additional $355.3 million was allocated by ETFs a day prior, as reported by Yahoo Finance and Gurufocus. These large-scale ETF inflows provided partial support but did not meaningfully stem the downward trend, while anticipation builds ahead of Nvidia's scheduled business update on November 17, 2026, according to Fool.

Oversold momentum persists as intraday sellers test key support

Technically, NVDA/USD is trading below its MA-20 and MA-50 on the hourly chart, and it remains under the MA-200 on the daily timeframe. The immediate resistance is defined by the Ichimoku Kijun level at $200.24, while support is found at $177.73. Momentum remains weak as both MACD and ADX signal sell conditions. Additionally, RSI, Stoch RSI, and CCI are all in oversold areas, which suggests potential for a rebound but lacks confirmation. Intraday sellers dominate, as shown by a Bull/Bear Power reading of -5.98, and the Awesome Oscillator also supports a further downside bias.

Downside favored near term as rebound odds remain limited

Looking ahead, NVDA/USD is expected to trade in a range between $177.73 and $186.91 over the next few sessions, with typical volatility relative to current price levels. The probability of an immediate upward move is very low, and further downside is more likely in the near term. Baseline expectations are for consolidation within this band; a bullish reversal would require a decisive break above $200.24, while renewed weakness is likely if the $177.73 support fails.

Anton Kharitonov, expert at Traders Union, sees Nvidia locked in a steep downtrend after seven days of sustained selling pressure. He notes that heavy ETF buying has failed to stop the decline, and weak technical momentum overshadows any near-term recovery hopes. The analyst believes support at $177.73 is critical, with any reversal dependent on a break above $200.24. "The base case is for consolidation within the $177.73–$186.91 range, but further downside is likely unless clear bullish confirmation appears."

Previously it was reported that Nvidia expanded its enterprise AI offerings through a broader partnership with Box focusing on improved search, workflow automation, and enhanced security features for business clients. Against the backdrop of this product diversification, the current environment signals elevated downside risk for NVDA shares, with traders advised to monitor for a potential volatility spike should support at $177.73 be breached.

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.