Famous Crypto Analyst Advises to Sell NVIDIA Stock: Here’s Why
Highlights
- Donald Trump's tariff war triggered a market-wide crash, impacting NVIDIA stock price and others.
- NVDA stock crashed to $94.31 before recovering today, but analysts warn of upcoming volatility.
- Famous crypto analyst Ali Martinez suggests it's time to sell NVIDIA stock due to the formation of a bearish supertrend.
Donald Trump’s tariff introduction on Liberation Day has significantly impacted the NVIDIA stock price. Not only that, but it crashed the entire stock market along with other financial markets, including crypto. The impact of the Trump tariff trade war is taking a toll on the financial market, where analysts like JP Morgan and others have increased the odds of the US recession. Amid this, one analyst advises investors to sell NVDA stock. Why? Let’s discuss this.
NVIDIA Stock Turmoil Continues Amid Trump Tariff War
Amid the stock market crash and the tariff chaos, the NVIDIA stock price hit a bottom at $94.31 before making a recovery today. Ever since mid-2022, this stock has been among the best performing, gaining more than a 1300% rally, but that halted as the tariff increased the odds of a recession in the US.
As the market marks a recovery today, the NVDA stock price is up 3.53%, trading at 97.64. However, despite that, it is still trading toward the lower range of the 52-week span. This shows there’s room for recovery but volatility as well.
Some fear a further stock price crash unless the Fed comes up with interest rate cuts, while others anticipate a complete recovery.
Super Trend Indicator Form, Analyst Advises to Sell NVIDIA Stock
The recent turmoil has affected investors’ sentiments and their portfolios significantly. Fear is building for further crashes as Trump’s tariff war could extend longer. As a result, famous crypto analyst Ali Martinez believes this is the right time to sell.
In his recent X post, Ali’s NVIDIA stock price prediction reveals that a massive downtrend is forming, as the super trend indicator is spotted. The analysts explain that the historical data shows that the formation of this indicator is an indication of the bearish downtrend.
He explained that in 2018, this indicator flipped right before NVDA stock faced a 46% correction phase. The same indicator showed up before it crashed 30% in the Covid pandemic and 59% in 2022.
NVIDIA stock enjoyed a 1300% bull run since 2022, but the super trend indicator presents a sell signal, indicating it is on the verge of a macro trend shift.
As the indicator rememged, crypto analysts predicted another macro trend shift, anticipating a serious decline.
Frequently Asked Questions (FAQs)
1. Why did NVIDIA's stock price crash recently?
2. What is the current outlook for NVDA stock?
3. Why is the NVDA stock price up for further crash?
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