NVIDIA: Sell signal flashing on Megaphone's Top.

TradingView2026/04/16 01:12

By:TradingView

NVIDIA is almost overbought on its 1D technical outlook (RSI = 69.771, MACD = 3.340, ADX = 32.679) with the price about to test the HH top of the 4 month Megaphone. The current 2 week rally has averted a 1D Death Cross, which may still be formed if the price gets rejected on this top, which is highly likely. If that happens, the 1D Death Cross may enforce a bigger correction but technically within the structure of this Megaphone, the target is the 1.236 Fibonacci extension (TP = 156.00).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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