NVIDIA stock heads into May trading 8% below its April 27 high of $216.87, but the bull flag pattern that has formed off the pullback is sitting on firm support.

The 20-day EMA is holding. The Chaikin Money Flow indicator is signaling continued institutional accumulation. Put-call ratios remain on the bullish side. And analyst price targets keep rising ahead of the May 20 earnings print. The correction has happened, but the structural bullish thesis has not broken.

Nvidia Stock Shows a Bull Flag After April Highs

Nvidia stock (NASDAQ: NVDA) peaked at $216.87 on April 27, 2026, completing a 32% rally off the late-March low of $164.11. That run created the…