To The Moon

$NVIDIA(NVDA)$

NVIDIA Corp. (NVDA) Rebounds +2.99%: Bounce Off Support, $187 Target in Sight

Latest Close Data

Closed at $182.48 on 2026-03-02, up +2.99% ($5.29). The price remains ~14% below its 52-week high of $212.19.

Core Market Drivers

1. Despite a mixed week with significant capital outflows in recent days, the stock found strong buying interest near the $177 support level.

2. The broad market sentiment and sector rotation appear to be the primary drivers for today's bounce.

Technical Analysis

Volume of 210M shares was solid.

• The 6-day RSI (42.0) has rebounded from oversold territory (28.2 on 02-27), indicating a relief rally.

• However, MACD remains in negative territory (DIF: -0.02, DEA: 0.67), suggesting the broader downtrend momentum is not yet fully reversed.

• The KDJ's J-line (11.98) is also rising from extreme lows, supporting a short-term bullish signal.

Key Price Levels

• Primary Support: $177.17 (tested and held, forming a base).

• Strong Resistance: $187.67 (recent swing high; key level to watch for trend reversal confirmation).

• Immediate Pivot: $182.50 (current price; break above with volume could target resistance).

Valuation Perspective

Forward P/E of 21.76 is significantly below its historical 3-year average of 41.65 and the +1 Std. Dev. of 50.92, indicating the stock may be relatively undervalued on a forward earnings basis. TTM P/S of 20.53 remains elevated but is supported by exceptional profitability (ROE: 101.49%).

Analyst Targets

Coverage from 58 analysts shows a consensus Strong Buy, with an average price target of $261.34 (approx. +43% upside). The distribution is heavily skewed bullish: 23 Strong Buy, 39 Buy, 4 Hold, 1 Underperform.

Weekly Outlook

Expect consolidation between $177 and $188 in the near term. A decisive break above $187.67 could signal a move towards the $195-200 zone. A failure to hold $177 support could see a retest of lower levels near $170.

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