NVIDIA Stock Price Drops Amid Downgraded Technical Forecast
The NVIDIA stock price dropped by -3.36% on Monday, September 14th, falling from $218.29 to $210.96.
This decline marks the fifth consecutive day of losses for the company.
RBC Capital had given NVDA a 'Outperform' grade with an 'initialise' action just three days prior on September 11th.
Despite this, our analysis indicates that NVIDIA will perform weakly in the next couple of days or weeks due to some small weaknesses in the technical picture.