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NVIDIA stock gains 2.78% but closes below all three daily EMAs

The Cryptonomist
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NVIDIA stock retains a bearish daily bias, closing Friday, November 6, 2026, below all three daily exponential averages and the lower Bollinger band. NVIDIA opened at $191.10, traded between a low of $185.22 and a high of $194.90, and closed at $186.64, against a previous close of $181.60. Reports published over the weekend described a board investigation involving CEO Jensen Huang, adding a separate layer of uncertainty ahead of the next session.

NVDA — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

NVDA closed Friday at $186.64, a gain of 2.78% versus the previous close, yet price remains below the daily 20-session EMA at $208.78, the 50-session EMA at $215.07, and the 200-session EMA at $205.08.

Daily RSI14 is 30.76, up from 25.39, now above the 30 line but below 50; the daily MACD histogram is -3.2, with the MACD line at -8.24 below its signal at -5.04.

The daily lower Bollinger band sits at $188.34, above the session close; daily ATR14 is $7.77.

Reports published after Friday’s close described a board investigation involving CEO Jensen Huang, with allegations that remain unproven.

The next-session daily pivot is $188.92, with first resistance at $192.62 and first support at $182.94.

NVIDIA stock remains below its daily trend references

The daily 20-session EMA stands at $208.78, below the 50-session EMA at $215.07 but above the 200-session EMA at $205.08. Price sits beneath all three. This supports a bearish bias , although the averages themselves are not fully stacked in bearish order.

However, daily momentum contains a conflict. RSI14 rose to 30.76 from 25.39, placing it above the 30 line but still below 50. In contrast, the daily MACD histogram fell to -3.2 from -2.98. The MACD line at -8.24 remains below its signal at -5.04, leaving that measure bearish.

The daily lower Bollinger band is $188.34, above the session close, while the mid-band stands at $211.55. Price therefore remains outside the lower band rather than inside the envelope. Meanwhile, daily ATR14 increased to $7.77 from $7.34, indicating a larger measured trading range than on the preceding daily candle.

Hourly signals complicate, rather than overturn, the bearish case

The hourly chart confirms the negative trend structure. The session close sits below the 20-hour EMA at $190.96, the 50-hour EMA at $198.92 and the 200-hour EMA at $213.06. Those averages are stacked bearishly. Price is also below the hourly Bollinger mid-band at $190.9, but above the lower band at $175.

Hourly momentum readings

Hourly momentum is mixed. RSI14 declined to 36.73 from 38.87 and remains below 50. Yet the MACD histogram increased to 0.52 from 0.45. The MACD line at -4.62 is above its signal at -5.15, providing a bullish counterpoint within the bearish hourly structure.

15-minute chart context

For short-term execution context, the 15-minute chart offers limited confirmation of that positive MACD reading. Its histogram declined to 0.03 from 0.11, although the line at -0.12 remains above the signal at -0.14. RSI14 fell to 44.55 from 47.64, below 50. The session close also sits below the 20-quarter-hour EMA at $187.54 and the Bollinger mid-band at $187.55.

Weekend reports introduce a separate uncertainty for NVIDIA stock

A report published on Sunday, November 8, said Huang told NVIDIA staff in an email that he had an affair. It also said the board had opened an investigation into allegations that the woman involved is a Chinese spy. Those allegations remain allegations, not an established finding.

Separately, reports published late Sunday and on Monday, November 9, described premarket share declines following the investigation news. These reports concern developments reported after Friday’s session. The completed-session chart and the subsequent news must therefore be assessed separately.

Bullish and bearish conditions for the next session

The bullish scenario requires NVIDIA stock to reclaim the daily lower Bollinger band at $188.34. Above it, the daily pivot for the next session sits at $188.92, with daily first resistance at $192.62. Holding above these references would support the bullish case, although price would still face the daily 200-session EMA at $205.08.

Conversely, failure to reclaim those overhead levels would leave the bearish structure intact. When trading resumes, the 15-minute first support is $186.03, followed by hourly first support at $185.8. A break below those references would undermine the bullish case. Below Friday’s low of $185.22, daily first support for the next session sits at $182.94.

Overall, the $186.64 close remains below the daily lower band and the next-session daily pivot. Daily ATR14 at $7.77 frames the volatility backdrop. The unresolved question is whether positive hourly MACD positioning can gain price confirmation despite bearish daily structure and the subsequent investigation reports.

FAQ

Where did NVIDIA stock close on Friday?

NVIDIA closed Friday’s session at $186.64, a gain of 2.78% versus the previous close. The session traded between a low of $185.22 and a high of $194.9.

What is the bearish case for NVDA on the daily chart?

Price sits below the daily 20-session EMA at $208.78, the 50-session EMA at $215.07, the 200-session EMA at $205.08, and the daily lower Bollinger band at $188.34. The daily MACD histogram is -3.2 with the MACD line at -8.24 below its signal at -5.04.

What does the hourly chart show for NVIDIA stock?

The hourly chart shows bearishly stacked averages, with price below the 20-hour EMA at $190.96, the 50-hour EMA at $198.92, and the 200-hour EMA at $213.06. However, the hourly MACD line at -4.62 is above its signal at -5.15, offering a bullish counterpoint.

What are the key levels for the next session?

The bullish scenario requires reclaiming the daily lower Bollinger band at $188.34 and the daily pivot at $188.92. First resistance sits at $192.62. On the downside, 15-minute first support is $186.03, hourly first support is $185.8, and daily first support is $182.94.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice, an investment recommendation, or a solicitation to buy or sell any financial instrument. The analysis provided is not indicative of future results. Investing in financial markets carries a high risk of capital loss. Always do your own research (DYOR) and consult a qualified financial advisor before making any decision.

Cryptonomist and the author hold no positions in the financial instruments mentioned and receive no compensation from the companies covered.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

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