- Summary:
- NVIDIA stock rebounds 26% after tariff reversal boosts tech sentiment. Can NVDA break key resistance at $114.65 or is a pullback ahead?
NVIDIA (NASDAQ: NVDA) has staged an impressive recovery, soaring more than 26% from its April low of $87.67 after the U.S. administration signaled potential tariff rollbacks. This shift in trade sentiment provided relief across tech stocks, with NVDA benefiting from renewed optimism in global semiconductor demand and AI infrastructure. The stock is now trading near $107.84, but upward momentum is facing friction as sellers defend higher levels.
Key Technical Levels Suggest Caution Despite Rally
NVIDIA’s price action has bounced firmly off a critical support at $87.67, reclaiming the psychological $100 level and currently consolidating below the $114.65 resistance. This zone marks a pivotal inflection point. A clean breakout above could target $120.64, followed by $130.03, but the current structure still leans corrective rather than impulsive.
Momentum indicators are mixed. The RSI (14) has rebounded to 46.56, signaling a shift from oversold territory, while the MACD remains below the zero line despite a narrowing histogram — suggesting bullish momentum is tentative.
NVDA Stock Outlook: Breakout or Bull Trap?
While the short-term recovery is encouraging, NVDA must close above $114.65 to validate a bullish breakout. Failure to clear resistance may lead to a retest of $102.86 or $96.16. Until then, the stock remains in a technical no man’s land, caught between bounce optimism and broader trend caution.