CRWV, NVDA and SMCI Forecast – Stocks Wait for the Tariff Announcements

CRWV Technical Analysis

CoreWeave Incorporated has launched far past the IPO price, and you can see that the candlestick during the trading session on Tuesday was basically out of control as we closed near the $52.50 level. In pre-market, it looks like we are going to drop a couple of dollars. And on the daily chart, it’s really hard to get a read about what could happen, but on the 30-minute chart, you can see that the market could drop down to the $46 level and still be well-supported.

In fact, you could probably even look at it through the prism of Fibonacci retracement. Somewhere right around $44, you have the 50 % Fibonacci retracement level, 46-ish is going to be the 38.2 % level. So those are two levels to watch on a pullback. Chasing all the way up here, probably not the best strategy.

NVDA Technical Analysis

Nvidia looks like it’s going to pull back a bit due to lackluster pre-market trading, but it is in the process of trying to find its bottom. We could be in the middle of trying to form a double bottom, but keep in mind the tariffs being announced late in the day, we’ll have to see how it influences each individual company. The tariffs are announced at 4 p.m., so it’ll be after the trading session. So, I suspect the next 24 hours will probably be a lot of choppy, kind of bottom finding action down here in Nvidia.

SMCI Technical Analysis

Super Micro Computer is a little bit negative in pre-market trading as well, as we continue to try to find the floor here. That being said, the area right around the $35 level was previous resistance going back to 2023, and it does seem to be holding up technically, at least so far. If we can rise above the 50-day EMA, that would be a very bullish sign, just as breaking above the 200-day EMA would as well. Again, though, the Wednesday session itself is probably going to be very choppy and sideways as traders won’t want to put on a ton of risk, more likely than not.