Stagnant Chip Stock Eyes Renewed Key Support
Yahoo Finance ·
Chip behemoth Nvidia Corp (NASDAQ:NVDA) has struggled in 2026, shifting back below the $200 mark just last week. However, NVDA remains up 6% year-to-date and has recently pulled back to the 260-day moving average—a trendline with historically bullish implications—for the first time since April. According to Schaeffer's Senior Quantitative Analyst Rocky White, AKAM is trading within 0.75 times the 260-day moving average's 20-day average true range (ATR), after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above that trendline. This setup has appeared six times over the last decade, after which the stock was higher one month later 83% of the time, averaging a 12.8% gain. A similar move from the stock's current perch at $199.32 would put it at $224.83. NVDA sports a 50-day call/put volume ratio of 2.37 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 93rd percentile of its annual range, hinting at a healthier-than-usual appetite for bullish bets of late.
DYAX Investor Sentiment
Bullish (Long) 53% · Bearish (Short) 47%
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