Nvidia Corporation (NVDA) is trading at $160.89 (-7.39%) as of Nov 12, 2026, 10:06 AM EST. The stock opened near $151, made an intraday low of $148.88 and then recovered, producing a session with a long lower wick. Over the past month the share price has fallen roughly 29%, leaving Nvidia close to the bottom of its 52-week trading range of $148.80 to $243.37.
The immediate catalyst for the rout was the resignation of CEO Jensen Huang on Nov 12, 2026. Chief Financial Officer Colette Kress has been named interim CEO. Market pressure predated the announcement - concerns about AI-related capital spending, elevated debt levels and possible regulatory action after the midterm elections had already driven the stock lower. On Nov 11, 2026, Wall Street downward revisions and rating cuts accelerated the move; Yorkville Ives published a valuation that places fair value at $225 without Huang compared with $300 with him.
Technical damage report
- Trend: Daily aggregated indicators read Strong Sell. All 12 moving averages tracked in the daily panel sit above the current price. Key averages include the 20 EMA at $195.96, the 200 SMA at $204.31 and the 50 SMA at $215.85.
- Momentum: Daily RSI is 24.4, an oversold reading. ADX is 39.5 with -DI at 51.8, signaling a strong downtrend.
- Volatility: ATR is 9.85, implying that $10 daily swings have become routine.
- Volume: The last four sessions have seen volume in the 300M–460M share range, well above a rough normal of 100–150M. That elevated turnover is consistent with forced selling and often precedes attempts to form a bottom.
Support levels to monitor
- $148.88 - Today’s intraday low and the 52-week low. A sustained break under this level would open price discovery to the downside.
- $160–163 - Today’s open-to-high band. This area serves as a pivot between a bounce that can sustain itself and a fade back toward lower supports.
- $163.98–$165.89 - The daily pivot S3 and the Nov 10 low, which act as nearby downside references.
- $146.89 - Weekly pivot S3, representing the next notable marker below the 52-week low.
Resistance - where rallies could stall
- $170–174 - The Nov 9–11 trading range and the daily pivot zone (S1–P around $170.59–$174.05) form the first major overhead band.
- $181.46 - The Nov 5 intraday low that marks the start of the most recent gap-down.
- $195–204 - A heavy cluster formed by the 20 EMA and the 200 SMA.
Potential buy zones (for consideration, not directives)
- $148–152 (capitulation zone): This range contains today’s panic low. If the stock tests and reclaims this band, it could indicate sellers are exhausted. The principal risk is a failure to hold - a break below $148.88 would invalidate this zone.
- $160–165 (reclaim zone): Holding this band on a closing basis would confirm the reversal wick seen intraday. This zone represents a higher-cost, higher-confirmation entry if buyers want more conviction before committing.
Fundamental anchor: The $225 “without Huang” estimate from Yorkville Ives sits well above the current market price. That figure is one brokerage’s view and is not presented as a consensus valuation.
Bear case and unresolved risks
The pre-market print of $150.43 highlights how fragile the early bounce remains. Several uncertainties are unresolved: the timeline for a CEO search, ongoing FBI and congressional scrutiny and questions about export-policy enforcement. In a market with a strong established downtrend, oversold technical readings can persist and do not guarantee a near-term reversal.
Pivot, RSI and price figures above are snapshots as of Nov 12, 2026, 10:06 AM EST.
Key technical triggers
- A decline below $148.88 would indicate further downside pressure and open the path to additional selling.
- A sustained break above $174 - the pivot resistance - would suggest the current bounce has room to develop.
This analysis presents the technical and short-term fundamental picture based on market data as of the time noted above. Traders and investors should align any actions with their own risk tolerance and time horizon.