Nvidia Stock Price Forecast 2025: Key Levels to Watch at $75, $97, $126, $136, and $166

Nvidia Shares Soar Nearly 16% Last Week Amid Renewed Investor Interest

Essential Insights

• Nvidia remains a focal point for investors as the AI powerhouse’s stock rebounded strongly last week following a recent dip.
• The stock is approaching the upper boundary of a descending channel, although trading volume remains subdued, signaling limited institutional involvement.
• Critical price points to monitor include resistance levels at $126, $136, and $166, alongside support zones at $97 and $75.

After a notable surge last week, Nvidia (NVDA) continues to capture investor attention in 2024. The AI chip leader’s stock climbed nearly 16%, recovering from a 23% decline experienced between late August and early September. This rebound follows positive Wall Street commentary highlighting Nvidia’s growth potential fueled by strong demand for AI infrastructure.

Despite a recent slowdown in quarterly growth, Nvidia exceeded analysts' earnings and sales expectations, bolstering market confidence. Analysts from Bernstein hailed Nvidia as the premier way to invest in AI, while Bank of America identified the recent pullback as a compelling buying opportunity.

This analysis delves into Nvidia’s stock chart to pinpoint key technical levels investors should track amid ongoing price fluctuations.

Trading Within a Descending Channel

Since reaching an all-time high in late June, Nvidia shares have been trading within a descending channel characterized by two parallel downward-sloping trendlines, indicating a bearish trend. Recently, the stock has moved toward the channel’s upper trendline and reclaimed its 50-day moving average.

However, this upward movement has occurred on relatively low volume, suggesting a lack of strong institutional buying. The stock closed last Friday at $119.10, marking a 15.8% gain for the week.

Key Resistance Levels to Watch

Investors should closely observe the $126 level, where Nvidia may face resistance near the descending channel’s upper boundary. A surge in trading volume at this point could signal a breakout above the channel.

If Nvidia breaks out, the next resistance target is around $136, near the stock’s June 18 record close and the mid-July swing high, where profit-taking may occur.

Using the measuring principle for price targets, adding the channel’s width (~$40) to the $126 resistance suggests a potential upside target of $166, surpassing the previous all-time high.

Support Levels to Monitor

On the downside, the $97 region offers important support, aligning with a horizontal support line connecting March’s twin peaks and recent lows.

A further decline could break below the channel’s lower trendline and the 200-day moving average, potentially pushing the stock toward the $75 level, an area that historically attracted buyers near mid-February and April lows.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Please consult a financial advisor for personalized guidance.

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