Nvidia stock price, live, with the tape underneath it

Signals, right now

Why the range position matters more than the price

A price on its own tells you nothing about whether it is expensive. Sitting at 95% of the seven-day range means almost every hour of the past week traded lower, which is a different situation from the same price reached on the way down. Nvidia moves on a small number of scheduled events, chiefly earnings, hyperscaler capex guidance and export-control news, so the position in the range is usually a read on how much of the last catalyst is already priced.

Realised volatility is the number that sizes the trade

The figure above is annualised from hourly closes over the last seven days: the root-mean-square of each hour's log return, scaled by the square root of the hours in a year. It is backward-looking by construction and says nothing about tomorrow. What it does say is how large a position has to be to matter, and how wide a stop has to be not to be noise. A semiconductor name running at three times its own quiet-period volatility is telling you the market disagrees with itself.

This is not the Nasdaq last trade

A perpetual has no expiry, settles in cash, and gives you no share, no vote and no dividend. It also trades continuously, which is the usual reason this number and the Nasdaq close differ at any given moment. For the official price use the exchange or a broker. The basis figure above is the honest measure of the gap: it is the mark against the venue's own oracle, in basis points.

The part we cannot verify

Pacifica publishes the symbol, the instrument type, the live book and hourly candles. It does not publish how the reference price for this symbol is derived, nor the interval its funding rate settles over, which is why the funding figure above is shown per interval and not annualised. Read the venue's terms before trading it rather than trusting this page.