NVIDIA : WILL THE Q1 EARNINGS CONFIRM EXPECTATIONS ?
- The giant chipmaker keeps trading higher, benefitting from both crypto and AI frenzy this year.
The market recently ended its consolidation in the shape of a bearish flag pattern, now trading back to its all-time highs just below the $1,000 mark.
- Investors are now bracing for big swing in the company's share price as the results for Q1 are to be published today after the closing bell.
Expectations are high as the company remains well positioned in new supertrends such as the AI boom and crypto markets which are going towards more and more regulations.
Traders and Analysts expect $5.65 of adjusted Earning Per Share and 24.69B on revenue from NVIDIA today.
Even if these may seem to be very ambitious figures, investors remember the company has already beaten high revenue expectation for many quarters in a row.
While it is impossible to know the actual figures before their publication, Technical Analysis tells us investors are on the optimistic side.
Indeed, the market has just ended its consolidation with a bullish break-out.
Moreover, both EMA are widening in bullish configuration while the RSI keeps evolving within its buying zone, with still a lot of upward potential.
If today's results were to match analysts' estimates, we could expect the long-term bullish trend to continue further above $1,000, with a final target around $1,340.
On the other hand, the unlikely scenario of disappointing earnings could significantly dent investor appetite for this market, leading to take profit moves and a sharp bearish correction as a reaction.
Pierre Veyret, Technical Analyst at ActivTrades.
The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
The market recently ended its consolidation in the shape of a bearish flag pattern, now trading back to its all-time highs just below the $1,000 mark.
- Investors are now bracing for big swing in the company's share price as the results for Q1 are to be published today after the closing bell.
Expectations are high as the company remains well positioned in new supertrends such as the AI boom and crypto markets which are going towards more and more regulations.
Traders and Analysts expect $5.65 of adjusted Earning Per Share and 24.69B on revenue from NVIDIA today.
Even if these may seem to be very ambitious figures, investors remember the company has already beaten high revenue expectation for many quarters in a row.
While it is impossible to know the actual figures before their publication, Technical Analysis tells us investors are on the optimistic side.
Indeed, the market has just ended its consolidation with a bullish break-out.
Moreover, both EMA are widening in bullish configuration while the RSI keeps evolving within its buying zone, with still a lot of upward potential.
If today's results were to match analysts' estimates, we could expect the long-term bullish trend to continue further above $1,000, with a final target around $1,340.
On the other hand, the unlikely scenario of disappointing earnings could significantly dent investor appetite for this market, leading to take profit moves and a sharp bearish correction as a reaction.
Pierre Veyret, Technical Analyst at ActivTrades.
The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
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