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NVIDIA’s Moving Average Shows Further Downside Ahead

Paige Tanner
NVIDIA’s Moving Average Shows Further Downside Ahead

NVIDIA (NVDA) stock has been in a downtrend since October. To understand whether NVIDIA stock has bottomed out or if there’s the potential for a further decline, let’s look at its technical indicators. One measure of technical analysis is a stock’s moving average, which takes the average of its prices over a certain period to determine in which direction its movement is skewed.