Will Nvidia earnings doom NVDA stock amid relentless selling and heavy resistance?
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Artificial intelligence (AI) titan Nvidia (NASDAQ: NVDA) has had a turbulent start to 2025, with its stock entering a pivotal week ahead of the company’s fourth-quarter earnings report. Despite multiple attempts, Nvidia has struggled to reclaim and sustain a price above $150, weighed down by the DeepSeek-driven sell-off and broader bearish sentiment fueled by uncertainty over trade tariffs introduced by President Donald Trump. However, NVDA has largely recovered from the DeepSeek turmoil, establishing firm support above $130. At the close of the most recent trading session, NVDA stock stood at $134.40, down over 4% on the day and nearly 3% year-to-date. NVDA YTD stock price chart. Source: Finbold Impact on Nvidia earnings on NVDA stock price Now, with the highly anticipated earnings set for February 26, it remains to be seen whether Nvidia will make a stab at the $150 mark or extend its losses. Ahead of the earnings, analysts at charting platform TrendSpider noted on February 22 that the stock faces a wall of resistance that has repeatedly rejected attempts to move higher. Over the past several months, NVDA has formed multiple upper wicks, signaling that every push toward new highs has been met with aggressive selling. The $135 to $145 range is a clear battleground where sellers continue overpowering buyers, preventing the stock from sustaining a breakout. NVDA stock price analysis chart. Source: TrendSpider This repeated rejection raises concerns that investors may once again use a strong earnings report as an opportunity to take profits rather than fuel further gains. Another critical factor is the volume profile. While NVDA has witnessed notable activity between $100 and $130, providing some stability in this range, the analysis suggests weaker support below $100. Therefore, if earnings disappoint and trigger a sell-off, there may be little stopping NVDA from sliding toward lower…
Filed under: News - @ February 23, 2025 7:14 pm