{"id":1232570,"date":"2026-02-12T11:05:17","date_gmt":"2026-02-12T09:05:17","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1232570"},"modified":"2026-02-27T18:10:16","modified_gmt":"2026-02-27T16:10:16","slug":"nvidias-support-and-resistance","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/","title":{"rendered":"Nvidia\u2019s Support and Resistance"},"content":{"rendered":"

The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia’s chart.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

What’s Happening?<\/b><\/h2>\n

It\u2019s been a tough couple of months for economists. The record-long government shutdown created major delays and left key figures missing, and the data we have received has often disappointed \u2014 including last week\u2019s ADP report and JOLTS update, as well as this week\u2019s December retail sales report.<\/span><\/p>\n

Against that backdrop, January\u2019s jobs report was a welcome surprise. Payrolls rose by 130K, roughly double economists\u2019 expectations. The unemployment rate dipped from 4.4% to 4.3%, and average hourly earnings posted a solid gain.<\/span><\/p>\n

What About Rates?<\/b><\/h4>\n

With labor-market concerns mounting, this is the type of report investors should embrace \u2014 even if it gives the Fed more room to keep rates on hold. A modest decline in interest rates isn\u2019t worth a meaningful deterioration in employment.<\/span><\/p>\n

Still, perspective matters. This is one data point, and it doesn\u2019t erase the recent softness elsewhere. But if the labor market is stabilizing, that would be constructive for both the economy and the market.<\/span><\/p>\n

Up Next: <\/b>Friday\u2019s CPI inflation report at 8:30 a.m. ET. For earnings, Coinbase<\/a>, Airbnb<\/a>, DraftKings<\/a>, and Arista Networks<\/a> will report tonight, among others. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Nvidia<\/b><\/h2>\n

After an impressive rally, Nvidia<\/a> has been rangebound for months. Despite strong spending outlooks from Magnificent 7 holdings like Microsoft<\/a>, Alphabet<\/a>, and Meta<\/a>, Nvidia<\/a> stock continues to trade between $170 and the mid-$190s.\u00a0<\/span><\/p>\n

\"Daily
Chart as of the close on 2\/11\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Notice how the 50-day moving average has flattened out \u2014 trendless \u2014 as Nvidia stock wavers both above and below it, while staying above the 200-day moving average, which shows a stronger long-term trend. If NVDA can clear the mid-$190s and regain $200, bulls might look for a charge back toward its record highs from October. Should resistance hold firm, support near $170 and the 200-day moving average could be in play if selling pressure accelerates.\u00a0<\/span><\/p>\n

For more technical analysis know-how, check out <\/span>our recent Boot Camp!<\/span><\/a><\/p>\n

Options<\/b><\/h4>\n

As of February 11th, the options with the highest open interest for NVDA stock \u2014 meaning the contracts with the largest open positions in the options market \u2014 were the March $200 calls.\u00a0<\/span><\/p>\n

Investors who are bullish could consider calls or call spreads as one way to speculate on further upside, while bearish investors could consider puts or put spreads to speculate on a further move to the downside. For options traders, it may be advantageous to have adequate time until the option\u2019s expiration.\u00a0<\/span><\/p>\n

To learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

ETH<\/b><\/p>\n

Ethereum<\/a> is moving higher on Thursday, up about 2.5%. Bulls are hoping that last Friday\u2019s rally has sparked a rebound in ETH and will continue to power a further move higher as it contends with the $2,000 level. <\/span>ETHA<\/span><\/a> \u2014 which remains the largest ETF by assets, while also supporting options trading \u2014 is also in focus.\u00a0<\/span><\/p>\n

CAT<\/b><\/p>\n

Shares of Caterpillar<\/a> continue their post-earnings rally, with a 4.4% gain on Wednesday that vaulted the stock to record highs. CAT is riding a four-day win streak, up more than 14% in that stretch, while shares are up more than 20% since it reported in late January. <\/span>Dig into the fundamentals for CAT<\/span><\/a>.\u00a0<\/span><\/p>\n

CSCO<\/b><\/p>\n

Cisco Systems<\/a> is moving lower this morning despite the company delivering better-than-expected earnings and revenue results. Earnings guidance for the current quarter was in-line with estimates, while revenue was slightly ahead of analyst expectations. Shares had rallied more than 20% from January 21 to this week\u2019s record high. <\/span>Check out the chart for CSCO<\/span><\/a>.<\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia’s chart. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1232570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown: Nvidia\u2019s Support and Resistance<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia's chart.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232570\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Daily Breakdown: Nvidia\u2019s Support and Resistance\" \/>\n<meta property=\"og:description\" content=\"The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia's chart.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232570\" \/>\n<meta property=\"og:site_name\" content=\"eToro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eToro\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-12T09:05:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-27T16:10:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@eToro\" \/>\n<meta name=\"twitter:site\" content=\"@eToro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bret Kenwell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/\"},\"headline\":\"Nvidia\u2019s Support and Resistance\",\"datePublished\":\"2026-02-12T09:05:17+00:00\",\"dateModified\":\"2026-02-27T16:10:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/\"},\"wordCount\":683,\"publisher\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"articleSection\":[\"The Daily Breakdown\"],\"inLanguage\":\"en-us\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/\",\"url\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/\",\"name\":\"The Daily Breakdown: Nvidia\u2019s Support and Resistance\",\"isPartOf\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"datePublished\":\"2026-02-12T09:05:17+00:00\",\"dateModified\":\"2026-02-27T16:10:16+00:00\",\"description\":\"The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia's chart.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#breadcrumb\"},\"inLanguage\":\"en-us\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-us\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage\",\"url\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"contentUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.etoro.com\/en-us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Daily Breakdown\",\"item\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Nvidia\u2019s Support and Resistance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/#website\",\"url\":\"https:\/\/www.etoro.com\/en-us\/\",\"name\":\"eToro\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.etoro.com\/en-us\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-us\"},[]]}<\/script>","yoast_head_json":{"title":"The Daily Breakdown: Nvidia\u2019s Support and Resistance","description":"The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia's chart.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232570","og_locale":"en_US","og_type":"article","og_title":"The Daily Breakdown: Nvidia\u2019s Support and Resistance","og_description":"The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia's chart.","og_url":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232570","og_site_name":"eToro","article_publisher":"https:\/\/www.facebook.com\/eToro\/","article_published_time":"2026-02-12T09:05:17+00:00","article_modified_time":"2026-02-27T16:10:16+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@eToro","twitter_site":"@eToro","twitter_misc":{"Written by":"Bret Kenwell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#article","isPartOf":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/"},"headline":"Nvidia\u2019s Support and Resistance","datePublished":"2026-02-12T09:05:17+00:00","dateModified":"2026-02-27T16:10:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/"},"wordCount":683,"publisher":{"@id":"https:\/\/www.etoro.com\/en-us\/#organization"},"image":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","articleSection":["The Daily Breakdown"],"inLanguage":"en-us"},{"@type":"WebPage","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/","url":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/","name":"The Daily Breakdown: Nvidia\u2019s Support and Resistance","isPartOf":{"@id":"https:\/\/www.etoro.com\/en-us\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage"},"image":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","datePublished":"2026-02-12T09:05:17+00:00","dateModified":"2026-02-27T16:10:16+00:00","description":"The Daily Breakdown looks at the key events for the daily, including big earnings and notable econ events. Then, we look at Nvidia's chart.","breadcrumb":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#breadcrumb"},"inLanguage":"en-us","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/"]}]},{"@type":"ImageObject","inLanguage":"en-us","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#primaryimage","url":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","contentUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/nvidias-support-and-resistance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.etoro.com\/en-us\/"},{"@type":"ListItem","position":2,"name":"The Daily Breakdown","item":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/"},{"@type":"ListItem","position":3,"name":"Nvidia\u2019s Support and Resistance"}]},{"@type":"WebSite","@id":"https:\/\/www.etoro.com\/en-us\/#website","url":"https:\/\/www.etoro.com\/en-us\/","name":"eToro","description":"","publisher":{"@id":"https:\/\/www.etoro.com\/en-us\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.etoro.com\/en-us\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-us"},[]]}},"_links":{"self":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232570"}],"collection":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/users\/130"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/comments?post=1232570"}],"version-history":[{"count":0,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/media\/819735"}],"wp:attachment":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/media?parent=1232570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/categories?post=1232570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/tags?post=1232570"},{"taxonomy":"asset_type","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/asset_type?post=1232570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}