Is Nvidia too expensive? Technical analyst: The top has already appeared!

Nvidia has ushered in its moment of artificial intelligence, and its stock price has skyrocketed.

Wall Street is frantically raising valuations, which makes investors wonder if its stock price is too expensive or just right.

Using Nvidia as an example, people's excitement is increasing.

Is Nvidia too expensive?

Currently, Nvidia's relative strength index (RSI) is about 85. An RSI above 70 is usually considered overbought, which may mean that the rise may end.

Rick Bensignor, founder of The Bensignor Group, said that Tuesday's high point may be a peak ($419), at least for the foreseeable future.

He pointed out that another technical analysis indicator, "Elliott Waves," indicates that the top of the stock is $415.

This indicator may indicate that as the market cools down, the stock may fall to $350.

Market analyst and founder of Fairlead Strategies, Katie Stockton, believes that Nvidia has some support around $366.

In general, selling a small amount of stock during a sharp rise in the stock market is a good idea. How much to sell actually depends on the type of investor.