And a death cross suggests negative momentum is picking up and that it could become a lasting trend. Now let's consider how Nvidia stock performed following its last death cross -- back in April of 2022. The measure was an accurate predictor of what was to come, as Nvidia stock sank about 45% from that point through the rest of the year.

An absolute bloodbath. Nvidia (NASDAQ:NVDA) shares tanked nearly 8% on Wednesday, erasing a $22 billion in market value – the