Nvidia Stock Forms Bull Flag Ahead of May Earnings

Nvidia stock (NASDAQ: NVDA) is showing a bull flag pattern after peaking at $216.87 on April 27, 2026, according to BeInCrypto. The stock has since corrected 8%, closing at $198.48 on May 4, with the 20-day EMA providing crucial support. Institutional accumulation is evident, as the Chaikin Money Flow indicator remains positive, and put-call ratios suggest bullish positioning. Analysts have raised price targets, with DBS increasing its target to $250 and Bernstein maintaining a $300 target. The upcoming May 20 earnings report is expected to test the bullish thesis.