Nvda stock price chart analyzing the "NVDA stock price

Analyzing the "NVDA stock price chart" with Ichimoku cloud indicators shows price well above the Kumo, indicating clear bullish territory. The Leading Span A continues to trend upward, reinforcing a near-term bullish bias among technical traders. During retracements in the stock, investors should initially monitor the $30 level. The shares could attract buying interest in this location near several countertrend highs in late 2022 and early 2023, which also closely align with a sideways trend on the chart from May to July last year. The big investments have created significant optimism about the future of Intel. Indeed, with Nvidia as a partner in chip design, it could help Intel win a bigger share of data center CPUs going forward. Short-term traders monitoring the "NVDA stock price chart" note that the stochastic oscillator remains in overbought territory. While this could invite minor pullbacks, the prevailing trend remains positive, backed by robust AI chip order books.