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NVDA Analysis - Nvidia Correcting to 210.87 After 227.91 Top

Nvidia Corp is in a corrective phase after a strong rally from 190.01 low. NVDA is trading at 210.87 dollars down 2.11 points or -0.99 percent on the day. Intraday range is 213.60 high and 209.47 low with Open 212.64 and Prev Close 212.98. Range percent is 1.93 percent showing low volatility session. Market Cap is 5103.78B dollars with P/E TTM 32.242 and P/E LFY 42.968.

The 4h chart shows the full move from July 22. Base around 200-210 dollars, sharp drop to 190.01 on Aug 2-3 with capitulation wick, then impulsive rally from 190.01 to 227.91 on Aug 17-19 which is a 20 percent move in 10 days. Since Aug 19 peak at 227.91 dollars, NVDA has been in a steady downtrend making lower highs and lower lows, currently at 210.87 dollars.

Support and Resistance Zones

Support:
1. 210.93 - 209.47 Zone - Immediate Support: MA5 at 210.93 is just above price and today's Low at 209.47 is just below. Price at 210.87 is sitting exactly on MA5. This zone must hold to avoid deeper flush. A 4h close below 209.47 opens 205 dollars. 2. 199.61 Zone - Psychological Support: Level marked on right axis. This was the consolidation base on July 29 before the rally. This is strong support 5 percent below current price. 3. 190.01 Zone - Major Low: The absolute bottom from Aug 3 marked on chart. This level was the reversal point for the entire 190 to 227 rally. Losing 190.01 would invalidate bullish structure.
Resistance:
1. 212.70 - 213.60 Zone - First Resistance: MA10 at 212.70 and today's High at 213.60. This cluster is immediate supply. Price needs to reclaim MA10 to stop downtrend. 2. 218.61 Zone - Main Trend Resistance: MA30 at 218.61 is the most important resistance. Since Aug 21, NVDA has been trading below MA10 and MA30 shows bearish crossover. MA30 is declining and is 3.6 percent above spot. Reclaiming MA30 is required for trend reversal. 3. 227.91 Zone - Major Top: Peak marked on chart with double wick rejection. This is the high that must be reclaimed for new all time high continuation toward 234.11.
What to Watch
1. MACD -1.31 Bearish: MACD at -1.31, DIF at -1.46, DEA at -0.15. MACD is negative and below signal line. Histogram is red for last 6 candles showing bearish momentum. However MACD is flattening near -4.00 low, indicating selling pressure is slowing. A bullish crossover of DIF above DEA would be early reversal signal. 2. MA Structure Death Cross: MA5 at 210.93 is below MA10 at 212.70 and both are below MA30 at 218.61. This is bearish alignment. The MA30 is still rising slightly but flattening. The stock needs MA5 to cross back above MA10 to start recovery. 3. P/E and Valuation: P/E TTM 32.242 is reasonable for Nvidia's growth. Market cap 5103.78B still top 3 globally. Correction from 227.91 to 210.87 is -7.5 percent, which is healthy after 20 percent rally. 4. News Flow: Headline on screen shows Alibaba's Qwen3.8-Flash-Next Achieves 16,000+ Tokens... AI competition news pressures NVDA as market watches AI chip demand. Any positive AI capex news from hyperscalers will support.
In summary, NVDA is in a healthy correction from 227.91 to 210.87. Current 210.87 level is sitting on MA5 immediate support. Holding above 209.47 keeps range intact and targets 212.70 and 213.60 first, then 218.61 MA30. Losing 209.47 would open move to 199.61. The MACD is bearish but oversold, so downside is limited unless broad market breaks down.

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