Tesla Stock Price Analysis
A surge in Tesla’s share price was observed after surpassing a key resistance level of $232.54, signaling a positive momentum return in the stock. The stock closed at $243.92 on September 20, 2024, marking a 7.36% increase. The next target for Tesla is $265.42, pending its ability to maintain position above the breakout zone.
Amazon Share Price Prediction
Amazon’s stock saw a 1.85% increase, closing at $189.87, and is edging closer to a crucial resistance point at $200.06. A bounce back from $168.87 in August, combined with an upward trend, hints at potential future growth. Positive sentiments are rising as the stock nears the $200 resistance mark, with key support at $179.79.
Nvidia Share Price Analysis
Nvidia’s stock analysis shows a 3.97% increase, closing at $117.87 after hitting a support level of $102.86. The company is now eyeing the next hurdle at $120.74. Nvidia’s stronghold in GPU and AI technologies, vital for various sectors, contributes to its market appeal. With solid fundamentals and positive technical indicators, overcoming the $120.74 resistance level could lead to further price movements.
Conclusion
Amazon’s nearing of the $200 mark and Nvidia’s bounce from support suggest that both stocks may experience increased activity in the coming days. It is essential for investors to monitor key resistance levels as these top performers influence market trends.
Source : news.investingcube.com