Nvidia stock bearish signal emerges as drop below $150 on the horizon

Group 1 - Nvidia stock is experiencing near-term bearish sentiment, with a potential drop below $150 anticipated, closing at $167, down 2.7% for the day and over 6% for the week, but still up 20% year-to-date [1][2] - Historical price trajectories for Nvidia have shown steep declines of -22.7%, -34.9%, and -43.4% following similar setups [2] - The Stochastic oscillator indicates a bearish crossover, suggesting fading upward momentum, which has preceded double-digit losses in past downturns [3] Group 2 - Nvidia is currently above its five-month moving average, which has provided support in past pullbacks, but a break below this level could target around $145 [4] - Despite technical warnings, Nvidia remains a leader in the AI sector, supported by strong financial performance [5] - In the latest quarter, Nvidia reported a 56% year-over-year revenue increase to $46.7 billion, primarily from the data center sector, with Q3 revenue guidance at $54 billion, exceeding expectations [6]