Nvidia Stock: Valuation and Technicals Signal Room for Growth
Nvidia's stock is back in the spotlight after its latest earnings beat. The question on everyone's mind: at this price level, is there still room to run? To approach this question, we'll use two indicator tools: one for valuation context and one for technical signals.
The PE TTM (trailing twelve-month P/E) of Nvidia stands at 28.82, near its lowest level this year. Unlike static P/E, which is based on last year's annual report, PE TTM updates every quarter using the most recent 12 months of earnings. This makes it a more current read on where valuation actually sits.
The daily chart currently shows a Bullish Continuation Triangle pattern, with support at 227.0 and resistance at 246.9 (approximately +8.3% from current levels). The system's estimated breakout probability is 95%. UT Bot has also generated a bullish signal on Nvidia's daily chart, triggering at 220.9.
RSI readings are RSI6 68.67, RSI12 62.39, RSI24 58.08, short-term momentum is strong but hasn't entered overbought territory (above 70), while medium- and longer-term momentum remains moderately positive. MACD: Both DIF (2.48) and DEA (2.96) are above zero, keeping the overall structure in bullish territory.
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