From Yahoo Finance: 2025-03-20 19:13:00

Nvidia shares triggered a “death cross” signal after a 948% rally, indicating a potential downtrend. This occurs when the 50-day moving average falls below the 200-day moving average. Analyst Ari Wald believes this may not lead to a major decline due to range-bound trading. Nvidia last experienced a death cross in April 2022, declining 47%.

The moving average crossover strategy suggests Nvidia shares could be on the brink of a downtrend after a significant rally. Ari Wald of Oppenheimer & Co. notes that not every death cross leads to a major decline. Nvidia’s stock has shown loss of momentum over the past 6-9 months, potentially indicating range-bound behavior.

Wald advises caution with Nvidia stock until the broader market shows signs of bottoming. The S&P 500 recently entered correction territory, falling 10% from its peak. Wald sees $128 as a key resistance level and $100 as key support for Nvidia shares. He emphasizes respect for the stock’s trend deterioration and the recent death cross signal.

Read more: Nvidia stock just flashed a dreaded technical ‘death cross’ signal