Nvidia, the leading AI chip manufacturer, has experienced phenomenal growth in recent years. With CEO Jensen Huang’s upcoming presentation at CES, investors are eager for insights into future projections. This article analyzes key support and resistance levels for Nvidia’s stock in early 2025, providing crucial information for investors navigating the dynamic tech landscape.
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Nvidia’s CEO, Jensen Huang, is scheduled to present at the Consumer Electronics Show in Las Vegas, and investors are anticipating updates on sales forecasts for Blackwell chips and details about its successor, Rubin, slated for a 2026 release. Wall Street analysts have identified Nvidia as a top pick for 2025, citing the strong demand for its Blackwell platform as a catalyst for continued explosive growth. This optimism follows a remarkable 170% gain in Nvidia’s share price in 2024, fueled by the increasing demand for AI chips from major tech companies like Microsoft, Meta, and Google, as they expand their AI data centers and cloud computing infrastructure. This impressive performance builds upon a 240% surge in 2023. Using technical analysis, we can identify critical price levels to monitor in early January.
Nvidia Stock Chart Analysis: A Descending Channel Emerges
Following a record high in late November, Nvidia’s stock price has been trading within a descending channel, repeatedly touching the pattern’s upper and lower trendlines. Recently, the stock encountered selling pressure near the channel’s upper trendline and 50-day moving average (MA), albeit on low year-end trading volume. The relative strength index (RSI) currently indicates slightly bearish momentum, dipping below 50 as we enter 2025.
Crucial Support Levels for Nvidia Investors
A key support level to watch is around $130. This price point coincides with a trendline connecting the significant August swing high and the December swing low. A decisive close below this level could trigger a breakdown below the descending channel’s lower trendline, potentially leading to a retest of support around $115. This area, situated just below the rising 200-day MA, is likely to attract buying interest as it aligns with a horizontal line connecting several price points from May to October of the previous year.
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Key Resistance Levels for Nvidia Stock
If the price rises from current levels, investors should focus on the $140 area. This region may present resistance near the descending channel’s upper trendline, which also aligns with the stock’s June 2024 peak. A breakout above this level could propel the stock towards $150. Investors who capitalized on the recent retracement might look to lock in profits around this area, which corresponds to a cluster of price action just below the stock’s all-time high.
Conclusion: Navigating Nvidia’s Stock Price in 2025
Nvidia’s stock performance in 2025 will likely hinge on factors such as CEO Jensen Huang’s CES presentation, updates on product development, and broader market trends. By monitoring these key support and resistance levels, investors can gain valuable insights into potential price movements and make more informed decisions. The $130 and $115 levels represent crucial support zones, while $140 and $150 act as significant resistance points. Staying informed about these technical indicators will be crucial for navigating the volatile yet potentially rewarding landscape of Nvidia’s stock in the coming year.
