Nvidia stock forecast: Downside likely as seller momentum builds

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Nvidia drops 5.15% after CEO probe

Highlights

Nvidia's board launched an independent investigation into CEO Jensen Huang after reports of an affair with a woman linked to Chinese intelligence, raising executive risk.
The board stated it found no evidence of national security or proprietary information compromise, and the company is set to report quarterly earnings on November 17.
Nvidia stock closed at $169.47, down 5.15% after a gap lower, trading below key moving averages with technical indicators showing strong seller control and a projected trading range of $153.43 to $185.51.

Executive risk intensifies as board probes Huang for governance issues

Nvidia's board initiated an independent investigation into CEO Jensen Huang after disclosure of his extramarital affair with a woman allegedly linked to Chinese intelligence, according to Cbsnews. The inquiry, led by Stephen Neal as head of the board's corporate governance committee, places direct focus on Nvidia's governance practices and regulatory posture, adding heightened executive risk and reputational uncertainty. The board clarified that it found no evidence of national security or proprietary information being compromised, while Nvidia's upcoming quarterly earnings announcement on November 17 remains a secondary focal point for the market, as noted by Yahoo Finance.

Bearish technical bias as multiple signals flash oversold momentum

NVDA/USD is positioned below the MA-20 and MA-50 on the hourly chart, as well as under the MA-200 at the daily interval. The Ichimoku Kijun sits at $187.14, marking the nearest resistance level. Technical momentum indicators are conflicted: MACD and ADX both show a sell bias, with Bull/Bear Power negative at -4.9, suggesting intraday seller dominance. Meanwhile, RSI and CCI are in oversold zones, Stochastic RSI is neutral, and the Awesome Oscillator does not currently confirm a clear directional bias.

Downside scenario favored as break below support appears likely

Over the coming trading days, NVDA is likely to consolidate within a typical volatility band between $153.43 and $185.51. The probability of an upward move toward resistance at $187 is described as very low, while a further decline below $153 appears much more likely given prevailing momentum. Any bullish reversal scenario would require a break above the Ichimoku Kijun at $187, while renewed selling pressure could see the stock test or breach support near $153.

Anton Kharitonov, expert at Traders Union, sees executive risk and governance concerns weighing heavily on Nvidia following the board’s investigation into CEO Jensen Huang. He notes the stock is showing persistent technical weakness, with seller momentum dominant and little sign of immediate recovery. Downside probability remains elevated while price remains below $187 and sentiment is shaken by the regulatory probe. "Until the situation around leadership and governance stabilizes, any bullish setups for NVDA are off the table for me."

Earlier, analysts noted that ongoing regulatory scrutiny and leadership concerns had placed Nvidia under sustained technical pressure, with downside risks prevailing in the near term. The current article underscores this dynamic as NVDA now trades decisively below key moving averages, reinforcing the case for heightened downside risk while the $153 support zone emerges as the next critical level to monitor.

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.