Nvidia at Critical Support: Key Levels to Watch After Earnings

Nvidia (NVDA) recently delivered impressive earnings, exceeding expectations with robust revenue growth. However, despite the strong numbers, the stock has faced a pullback, shedding about 8.5% as broader AI-related stocks also experienced a downturn. While the long-term outlook remains positive, traders are closely watching key technical levels to assess potential movements.

Major Support Levels:
$115: This level coincides with the 50-day moving average and has historically acted as strong support. A breakdown below this zone could signal further downside pressure.
$102: If selling pressure intensifies, Nvidia could test this level, representing a deeper retracement to previous price action seen in early March.
Key Resistance Levels:
$136: A critical resistance point where the stock previously peaked. A break above this level could suggest renewed bullish momentum.
$150: The next major resistance zone, marking previous highs and serving as a key psychological barrier for investors.
Despite the recent pullback, Nvidia remains a dominant force in AI and semiconductor growth. Traders should monitor these levels closely, as a break below support could lead to further declines, while an upward move beyond resistance may indicate a resumption of the long-term uptrend. Given the current market volatility, applying risk management strategies such as stop-losses and position sizing is crucial for navigating the stock’s price action.