Stocks
Nvidia Stock's Record-Breaking Run Hits a Plateau
Nvidia stock has been on a tear, closing at $228.87 on September 22 and extending its six-day winning streak to near record highs.
The market capitalization sits above $5 trillion, but short-term momentum is showing early signs of cooling.
On the daily chart, Nvidia remains firmly bullish, with price sitting above all major EMAs. The RSI14 at 59.36 still leaves room for further upside.
The hourly chart shows overbought conditions, with the 1H RSI14 at 74.61 and MACD momentum fading, signaling a short-term pause.