Earnings event approaches as Nvidia stock holds gains after heavy selling

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Nvidia gains 2.45% today to $186.04

Highlights

Nvidia stock fell 9.3% on November 5, 2026, erasing $1.4 trillion in market value due to renewed regulatory concerns.
Investors face increased uncertainty ahead of Nvidia's November 17 earnings report as focus shifts to operational and regulatory developments.
Technical signals confirm ongoing bearish momentum, with the price expected to range between $173.34 and $198.74 in coming sessions.

Record sell-off and regulatory fears drive caution ahead of earnings

Recent trading in Nvidia is shaped by the sharp 9.3% share price drop on November 5, 2026, which erased approximately $1.4 trillion in market value, according to Finance Biggo. This abrupt move, also identified as the stock's largest one-day decline in a year by Trefis, has heightened volatility and increased caution among market participants. The downturn is mainly attributed to renewed investor concerns over potential U.S. regulatory actions affecting AI infrastructure and data center projects following the midterm elections, as noted by 247wallst. Looking ahead, the upcoming quarterly earnings report scheduled for November 17, 2026, adds further event-driven uncertainty as investors weigh both operational performance and the evolving regulatory outlook.

Weak momentum and oversold signals as major resistance holds

NVDA/USD is currently positioned below the MA-20 and MA-50 on the hourly chart and sits beneath the MA-200 on the daily timeframe. The Ichimoku Kijun level at $195 remains a key resistance area, while support is found at $173.34, with the immediate technical range capped at $198.74. Both MACD and ADX confirm weak momentum, and the presence of RSI, Stoch RSI, and CCI in oversold zones increases the likelihood of a short-term rebound. However, Bull/Bear Power is negative, indicating sustained seller dominance as volatility remains heightened.

Sideways bias prevails amid bearish risks within defined range

Over the next several sessions, NVDA/USD is expected to trade within a volatility band between $173.34 and $198.74. There is a 73% probability of further downside amid prevailing negative momentum, with any potential recovery scenarios hinging on a sustained breakout above $195 resistance. If selling resumes below $173.34, this would confirm a bearish extension, while a sideways consolidation remains the most probable short-term scenario.

Viktoras Karapetjanc, expert at Traders Union, views Nvidia's recent price action as a reflection of renewed market caution driven by regulatory uncertainty and dramatic capital outflows. He believes underlying sentiment remains fragile with the upcoming earnings report as a key catalyst for the next move. However, Karapetjanc sees the recent volatility as an opportunity for investors who are prepared for further swings. "If Nvidia can hold above the $173.34 support and weather short-term turbulence, I expect a constructive rebound aligned with its long-term fundamentals."

Earlier, analysts noted that heightened scrutiny of the AI sector and policy uncertainty had pressured Nvidia shares, with technical signals indicating a continued bearish trend. With the current price action amplifying volatility and downside risks following the sharp post-election decline, traders should closely monitor the $195 resistance for any signs of reversal and $173.34 support for potential bearish continuation.

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.