Nvidia (NVDA) stock hits ATH, but this indicator is signaling weakening momentum

Nvidia’s (NASDAQ: NVDA) meteoric rise saw the stock tap another all-time high, but analysis of the equity’s relative strength index (RSI) suggests this momentum might be short-lived.The stock closed up 4.14% to $143.71 during the latest session. In 2024, the semiconductor giant is now up 190.2% year-to-date.NVDA YTD stock price chart. Source: Google Finance Despite NVDA’s apparent strength in the price breakout, technical signals suggest caution might be warranted, with the RSI entering oversold territory, ...