Nvidia consistently flashes alarming signals; Is NVDA crash imminent?

Core Viewpoint - Nvidia's share price has surged over 170% year-to-date, driven by its involvement in the artificial intelligence sector, but technical indicators suggest potential risks for the stock's sustainability [1][3]. Technical Indicators - The Relative Strength Index (RSI) has consistently shown high values, indicating potential overbought conditions; recent readings include 78.72 on June 17 and 80.81 on June 14 [1][3]. - An RSI above 70 typically signals that a stock is overbought, suggesting a possible price correction [3]. Analyst Forecasts - Wall Street analysts forecast an average price target of $126.88 for Nvidia over the next 12 months, reflecting a 3.13% decrease from its current valuation of $130.98 [4][5]. - The price forecasts range from a low of $90 to a high of $150, indicating a potential downside for the stock [4][5]. Market Implications - Nvidia's significant influence on the tech sector and the S&P 500 index means that any correction in its stock could have broader implications for the overall market [5][6]. - Only 30% of S&P 500 stocks have outperformed the index year-to-date, with Nvidia being one of the top gainers [6].