Nvidia (NVDA) Stock Hits New Yearly Low
The NVDA stock chart shows that during yesterdays trading session, the price dropped to $112.16, marking:
A new low for 2025, surpassing the previous bottom set on 3 February.
The lowest price in nearly five months.
Why Is Nvidia (NVDA) Stock Falling?
Bearish sentiment may be driven by:
A Wall Street Journal report stating that Chinese companies can still access Nvidias latest Blackwell chip despite Biden-era restrictions. Investors may fear tighter regulations, as the U.S. aims to limit technological advancements for geopolitical rivals.
The impact of Trumps trade tariffs, which continue to disrupt global markets.
Technical Analysis of NVDA Stock
As noted in our report five days ago, NVDAs price is forming a more defined downward channel (red) while moving further away from the Rising Wedge pattern (blue).
How Low Could Nvidia (NVDA) Stock Drop?
Despite NVDAs weak performance relative to the broader market, investors may seek long positions in this former 2024 market leader.
Potential support levels:
The lower boundary of the red channel.
The psychological $100 mark.
If the Rising Wedge plays out, bears may target $85, based on the A-B range projected from point C.
A high-risk bullish argument could suggest that yesterdays drop was a false bearish breakout below the 3 February low.
NVDA Stock Price Forecast
Analysts remain optimistic, possibly due to last weeks strong earnings report.
According to TipRanks:
38 out of 41 analysts recommend buying NVDA.
The 12-month average price target is $178.
Read more: https://fxopen.com/blog/en/oa-nvidia-nvda-stock-hits-new-yearly-low/
Text source: Forex Trading Blog
