Shares of Nvidia have just spiked up to a high of $208.88. That took the price up by over $9 or 4.5% on the day. The price also moved above its all-time high closing level going back to October 29 at $207.04.
Since March 30 with the market closing at its low at $165.17.
- Total trading days: ~18
- Up days: 13
- Down days: 5
What stands out
- Strong upside run followed, including a ~10-day winning streak into mid-April
- Late April saw a couple of pullback days, but the trend remained higher overall
Bottom line
- Bias: Clearly bullish since March 30
- Structure: More than 2-to-1 up vs down days
- Theme: Classic “break low → trend higher” behavior—buyers in control most sessions
Technically, the move higher has checked a lot of bullish boxes for NVIDIA (NVDA). On the run-up, the price pushed back above its 200-day moving average at $182.85 and the 100-day moving average at $184.63, flipping the bias back to the upside. From there, the market extended and broke above the “old” 2026 high from February 25 at $197.63, which was a key ceiling.
What’s more important is what happened after the break. The subsequent lows came in at $197.84 on April 20 and $197.22 on April 23—basically holding right around that old high. That’s what you want to see. Former resistance turning into support is a classic sign that buyers are still in control. The ability to hold that area and push higher over the last few sessions keeps the bullish bias intact.
From a trading perspective, that $197.63 level is your risk barometer. Stay above, and buyers remain in control. Move below, and the door opens for a deeper correction on the disappointment.
On the topside, the next target is clear: the all-time high from October 29 at $212.19. With the current price trading around $208.65, the market is within striking distance. The question now is whether momentum can carry it through that level and into new high ground.
Shares of chips stocks are taking their clue from Intel with the share price currently up $16 or 24.06%. For the trading year, Intel shares are up 124.53%. Shares of micron are also surging by 4.47%. There shares are up 76.26% in 2026. Intel shares in comparison are only up 12.17% for the trading year.
