NVIDIA Stock Price Analysis | Top $NVDA Levels To Watch for June 23rd, 2025

Summary

In this detailed Nvidia market analysis, Carrie Artac provides insights into the stock’s current trends and potential movements. Focusing on key price levels, resistance points, and support zones, she discusses the possibility of a short-term sell-off and a longer-term buy opportunity. She highlights pivotal resistance at 150.34 and critical support levels near 14202 and 13627, providing swing traders with actionable strategies. Artac emphasizes the importance of monitoring Nvidia alongside other major indices like the SPY and Triple Q for confirmation of trends. The analysis includes both short-term and long-term strategies to guide traders in navigating Nvidia’s price action.

Takeaways

• 😀 The Nvidia market has been in a recovery phase for the past 2 months after closing above a 4-month descending channel.
• 😀 The key resistance level to watch is 150.34, which is crucial for determining whether Nvidia will continue its upward trend or face a pullback.
• 😀 A weekly close above 150.34 could signal further upside potential, targeting the January all-time high of 153.13 and possibly reaching 174.25 in 2-3 months.
• 😀 The current support level for the day is at 142.02. A close below this level could trigger a 3-5 day selloff toward 136.27.
• 😀 Nvidia’s long-term trajectory depends on whether it can hold above the 130.72 support level, with the possibility of a bearish rotation if it breaks below this zone.
• 😀 For short-term traders, opening below 144.34 can be used as a sell signal, with 142.02 as the first major support to target.
• 😀 If Nvidia closes below 142.02, the stock may experience a continued decline towards 136.27 over the next 3-5 days.
• 😀 Swing traders should consider buying at the 136.27–137.2 range, with a target price of the low 150s within 3-5 weeks.
• 😀 Any break below 130.72 could result in a deeper selloff, potentially all the way back into the 80s, but this remains a long-term risk.
• 😀 Daily and weekly chart levels such as 144.34, 146.94, and 150.34 are key price points for day and swing trading strategies, offering micro-trade opportunities.
• 😀 Wicked Stocks offers premium stock picks, trade plans, and detailed market analysis, with a 5-day free trial to help traders stay informed on key market movements.

Q & A

What is the current status of Nvidia's price in the market as discussed in the script?

The script outlines that Nvidia recently closed above a 4-month descending channel top, currently at 9066, setting up a potential test of the low 150s. The resistance level for the stock is 150.34, and the analysis predicts a pullback could occur to the low 130s in the short term.

What time frame is being used for the short-term Nvidia price prediction?

The short-term prediction focuses on a 3 to 5-week time frame, where Nvidia could reach the low 150s again within that period, particularly if the stock moves above the key resistance of 150.34.

What would trigger a long-term buy signal for Nvidia stock?

A long-term buy signal would be triggered if Nvidia closes above 150.34 by a 1% margin on a weekly settlement, with a target of 153.13, which is the January all-time high. This could lead to an upward movement to 174.25 over a 2-3 month period.

What support levels were mentioned for Nvidia in the script?

The script identifies 142.02 as a solid support level for the day, with a more significant support zone between 1372 and 13627, which could contain mid-term selling pressure. The lowest support level discussed is at 130.72, where the market could find long-term support through July.

How does the script suggest traders should approach a position at 142.02?

Traders are advised to buy at 142.02 for the potential to move up to 150.34 within 3 to 5 days, but if the price falls below 142.02, the recommendation is to either exit the position or reverse to a short position targeting 13627.

What does the script suggest for traders aiming for a 3 to 5-week position?

For a 3 to 5-week swing trade, traders are encouraged to scale into a long position, buying half at 13627 and the other half at 1372, targeting a price rebound to the low 150s over the coming weeks.

How does the script handle possible intraday trades?

The script includes intraday trading strategies, such as selling below 14434 and taking profits at 14202. If the price closes above 14694 during the day, 150.34 is the next target, highlighting specific short-term levels for day traders.

What role does the Triple Q ETF play in the analysis of Nvidia?

The script suggests that traders should monitor the Triple Q ETF, as Nvidia is a large component of it. By tracking the Triple Q, traders can confirm setups and signals for Nvidia trading, making it a useful tool for understanding broader market movements.

What could happen if Nvidia closes below 130.72, according to the script?

If Nvidia closes below 130.72, it could signal a significant bearish rotation, potentially driving the stock lower, possibly reaching the 80s. However, the script notes that this is a longer-term possibility and not the current expectation.

What additional resources does Wicked Stocks offer for traders?

Wicked Stocks offers premium members two high-probability stock picks each week, complete with trade plans, entry points, stop-loss levels, and updates. Additionally, daily video analysis is provided for major markets like SPY, Triple Q, and Nvidia to help traders with day trading or swing trading.