NVIDIA (NVDA) Weekly TF Update: Bear Market or New Uptrend?NVIDIA CorporationBATS:NVDAMasterAnandaThis week NVDA challenged its all-time high as resistance. It moved above it on a wick followed by a rejection. The October 2025 ATH sits at 213 on a wick. That same week the close happened at 202. Last week produced the highest close but not the highest price, 208. That's the 20-April 2026 week. This week hit the highest price ever, a new all-time high at 216, the week is set to close in just a few hours. The current price is 200, which is lower than the second highest close at 201 the week before. I am adding some context. So far this looks like a failure to break resistance, but it is still early though. The exact close this week is needed and also one or two additional sessions to see what the market does next. Conditions are bearish though. Trading volume has been going down for years. When this happens close to resistance, within a rising trend, it is a bearish signal. It says that things can soon change. The RSI shows a hyper-strong bearish divergence. While NVDA produced a double-top, the weekly RSI created a major lower high: This is a powerful bearish signal and calls for massive caution if you are a buyer or bullish. Bears can feel tranquil, elated and peaceful because the chart technicals are coming out in their favor. The weekly MACD also shows very strong bearish tendencies, the peak happened July 2024, that's almost two years ago. The recent ATH on NVDA did nothing to prop up the MACD which is about to enter the bearish zone. When it goes bearish, a move-down is basically guaranteed. See how the MACD has been crashing for years while NVDA trades at resistance. The MACD and RSI are two very different indicators and yet, both show strong bearish signals. The RSI meassures the stock against all others to produce a reading. The MACD is just a set of moving averages but plotted upside down. The STOCH is way more sensitive than the other two so it can help predict what comes next. The last high did the highest reading since May 2024. It is the first time it becomes overbought in 2026 and it started to crash down. The lower high in October 2025 anticipated the recent correction. Something is going to happen to NVIDIA which will result in a drop in prices, based on these signals. The chart structure is also highly bearish. The last four green candles can be taken as bullish confirmation, but the stop at the previous ATH and the full red candle this week nullifies this interpretation. If you consider the rise from April through October 2025, not one of those big red candles appeared. When the first one came in, it signaled the end of the uptrend and the start of a correction. Now we have a second one, after a double-top, this can signal the start of another drop. These full red-bodied candles only appear during bearish periods on this stock. Thanks a lot for taking the time to read. I hope to save you some money with this analysis. I hope you find the information useful and it helps you to make a decision that will produce a positive outcome. My heart goes out to you, a trader, a reader, a follower, a friend, a human, a woman, a man. Whatever you do, you will always deserve the best. Sell the stock, prices are just too high. Consider this now, what is the difference between now and April 2025? Look at the chart and go back to October 2022. Do you think the conditions now, April-May 2026 are the same as in October 2022? From the bottom we grow. When the thing has been rising for years, it doesn't mean it must drop, but there are better options, that is always my point. Going with the choices that offer little risk vs a high potential for reward. Just like NVDA in October 2022, or Bitcoin in early 2026 and so on. Namaste.