Wall Street Reacts to Nvidia: Bernstein and Oppenheimer Downgrade the Stock
📊 NVDA — Piyasa Yorumu
▼ down · 62%NVDA closed near its 20-day simple moving average (SMA20) of 173.5 after a sharp 7.2% drop in 24 hours, and remains significantly below its 50-day SMA (SMA50) of 187; the short-term trend is weak. Although the RSI at 41 is close to oversold territory, no reversal signal has yet emerged, and the MACD is in negative territory and below its signal line. Rating downgrades from Bernstein and Oppenheimer could further undermine confidence in an environment where momentum is already impaired, potentially increasing selling pressure. Nevertheless, with the RSI around 40 and the price attempting to hold above the SMA20, the possibility of short-term rebound buying after the sharp decline remains alive. Therefore, for the next 1-3 days, I expect a slightly downward but volatile trajectory; closes below 173 could deepen the sell-off.