Gate News: Nvidia (NVDA) stock is currently hovering around $175, down about 9% over the past month. Despite the CEO’s optimistic comments about an AGI breakthrough, the stock has failed to break through the key resistance level at $176. Since late October 2025, Nvidia’s stock has been trading within a downward channel, with multiple rebounds failing to break above the upper trendline.
The daily chart shows that the CMF indicator divergence and EMA crossovers indicate institutional funds are withdrawing. The CMF has recently fallen from above zero to around -0.23, signaling ongoing selling pressure. The 20-day moving average broke below the 100-day moving average on March 19, forming a bearish crossover. The 50-day moving average is approaching the 100-day, and if the crossover completes, downward momentum could strengthen further. The 200-day moving average at $173 provides short-term support.
The options market also shows a bearish bias. Since the earnings report in late February, trading volume and open interest in put options have increased significantly, indicating traders are not only establishing short positions but also maintaining existing bets, aligning with the weak signals from the CMF and EMA indicators.
Technically, the resistance zone is between $176 and $187. If the stock breaks above the recent high of $197, it could break out of the downtrend channel and shift market sentiment to neutral. On the downside, $171 is a key support level, coinciding with the 0.618 Fibonacci retracement. A break below this level could lead to further declines toward $169, $163, or even $154, indicating an intensification of the downtrend.
Overall, Nvidia’s stock faces multiple downside pressures. Technical indicators, fund flow, and options market data all suggest potential for a correction. Investors should monitor the stability of the $171 support level, as well as further developments in EMA crossovers and CMF signals, to assess short-term price movements and trading opportunities.
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