NVDA Stock Drops 2.94% on Thursday, Momentum Gains

Nvidia fell 2.94% on Nasdaq to $230.48, a decline about 1.3 times its average daily trading range, as of October 9, 2026, 03:00 WIB, according to exchange data via Yahoo Finance. The pullback was sharp. Yet the broader price structure remains upward: the stock is above its rising 20-day average, while trading close to the upper end of its recent range. The one-day loss contrasts with a 5.55% gain over the past month and a 0.16% decline over five days. That mix points to a short-term setback within a still-positive monthly trend, rather than a clear reversal confirmed by the available indicators.

Trend & Price Action

Nvidia trades above its 20-day simple moving average (SMA) of $226.18 and 50-day SMA of $221.39. The 20-day average has risen 1.20% over five days, suggesting the recent direction remains upward. There has been no new moving-average crossover, so the signal comes from price holding above both averages, not from a fresh trend change. At 69% of its 20-trading-day range, the stock is nearer resistance than support. Its recent high and low were $243.37 and $190.01, respectively. The current price is also below the 20-day resistance at $239.24, leaving the latest decline at a point where traders may watch whether the moving averages provide support or the stock retreats further.

The Bollinger Bands, which show how far price has moved relative to its recent average, are at $210.12 on the lower band, $226.18 in the middle, and $242.24 on the upper band. With price between the middle and upper bands and %B at 63%, Nvidia is in the upper half of its recent volatility range, but not at the band’s ceiling. The 14.2% band width is classified as normal, not a squeeze or an unusually wide expansion.

Oscillators & Momentum

Momentum readings are mixed but not decisively bearish. The RSI is 54.5, a neutral reading; RSI measures the pace of recent gains and losses, and this level does not signal an extreme condition. The stochastic oscillator is also neutral, with %K at 42.1 and %D at 67.7. Because %K is below %D, the shorter-term reading is weaker, consistent with the daily decline, though it does not by itself establish a reversal. The MACD, a measure of the relationship between two trend averages, remains positive: MACD is 4.450, above its 3.793 signal line, with a positive 0.657 histogram. That supports the broader upward trend, even as the stochastic readings show softer near-term momentum.

Volatility, Volume & Levels

Average true range (ATR), a measure of typical price movement, is $5.35, or 2.3% of the share price, indicating moderate volatility. The one-day fall exceeded that average range, making the session notably weak without proving that the wider trend has changed. Trading volume was 118,311,700 shares, about 1.1 times the 20-day average. On-balance volume (OBV), which tracks whether volume is more associated with buying or selling days, is rising. That offers some evidence of continued participation in the broader advance, though it does not erase the day’s decline. The key near-term levels are $226.18 at the 20-day average, $221.39 at the 50-day average, and $210.96 at 20-day support. A hold above the moving averages would keep the current trend structure intact; a move below them would put the 20-day support into focus. On the upside, $239.24 is resistance, followed by the upper Bollinger Band at $242.24 and the three-month high at $243.37. A sustained move through that area would test whether buyers can extend the advance.

Technical Verdict: HOLD (wait & see)

The indicators support a cautious, balanced reading rather than a clear directional signal. The strongest reasons are that price remains above rising short- and medium-term averages, MACD is positive, and RSI is neutral, while the stochastic’s weaker configuration and the sharp daily drop argue against treating the momentum picture as uniformly strong. The verdict is invalidated if price falls below $210.96, the 20-day support level.

• Ideal Entry Range: $221.39–$226.18, based on the 50-day and 20-day averages.
• Exit Target: $239.24–$243.37, spanning 20-day resistance and the three-month high.
• Stop Loss: $210.12, the lower Bollinger Band, as a defined technical protection level.

In plain English, Nvidia’s broader trend is still upward, but the latest drop and mixed momentum leave the next move unconfirmed.

Source: exchange data via Yahoo Finance, as of October 9, 2026, 03:00 WIB.

Summary Data NVDA

Last price	230.48 USD
Change 1 day / 5 days / 1 month	-2.94% / -0.16% / 5.55%
Trend / MA-cross	uptrend / none
SMA20 / SMA50	226.18 / 221.39
RSI (14) / Stochastic %K	54.5 / 42.1
Bollinger %B / ATR	63% / 5.35
Support / Resistance 20 days	210.96 / 239.24
Data as of	9 October 2026 03:00 WIB

Disclaimer: This technical analysis is generated automatically from exchange data (via Yahoo Finance) and indicators calculated by JournalArta, for information and education only. The verdict and the entry, target and stop-loss levels are not investment advice or a solicitation to buy or sell any security. Investment decisions and their risks rest solely with the reader.