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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMBA
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Volatile ride for Ambarella stock price on Wednesday moving between $56.59 and $65.39
(Updated on Feb 28, 2024)

Buy candidate since Feb 23, 2024 Gain 4.94% PDF
The Ambarella stock price gained 0.0518% on the last trading day (Wednesday, 28th Feb 2024), rising from $57.96 to $57.99. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 15.55% from a day low at $56.59 to a day high of $65.39. The price has risen in 8 of the last 10 days and is up by 10.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 926 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $93.11 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $58.14 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.27% during the next 3 months and, with a 90% probability hold a price between $44.14 and $51.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMBA Signals & Forecast

Mostly positive signals in the chart today. The Ambarella stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $55.88 and $55.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 01, 2024, and so far it has risen 11.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Ambarella stock

Ambarella finds support from accumulated volume at $57.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.80 between high and low, or 15.55%. For the last week, the stock has had daily average volatility of 5.68%.

Our recommended stop-loss: $54.98 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (AMBA) For The Upcoming Trading Day Of Thursday 29th

For the upcoming trading day on Thursday, 29th we expect Ambarella to open at $59.99, and during the day (based on 14 day Average True Range), to move between $55.59 and $60.39, which gives a possible trading interval of +/-$2.40 (+/-4.14%) up or down from last closing price. If Ambarella takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $57.96 (0.05%) than the resistance at $58.51 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ambarella stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.636 Buy Candidate Unchanged

Predicted Opening Price for Ambarella of Thursday, February 29, 2024

Fair opening price February 29, 2024 Current price
$59.99 ( 3.45%) $57.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 68.79 18.62 %
R2 65.43 12.83 %
R1 63.35 9.25 %
Current price: 57.99
Support S1 56.63 -2.35 %
S2 54.55 -5.93 %
S3 51.19 -11.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 64.07 10.48 %
R2 58.71 1.24 %
R1 58.51 0.90 %
Current price 57.99
Support S1 57.96 -0.0517%
S2 57.82 -0.293%
S3 54.50 -6.02%

FAQ

What is the symbol for Ambarella Stock and on which exchange is it traded?
The symbol for Ambarella is AMBA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ambarella Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Ambarella Stock?
Ambarella Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ambarella Stock.

What's the current price of Ambarella Stock?
As of the end of day on the 2024-02-28, the price of an Ambarella (AMBA) share was $57.99.

What is the 52-week high and low for Ambarella Stock?
The 52-week high for Ambarella Stock is $95.74 and the 52-week low is $43.64.

What is the market capitalization of Ambarella Stock?
As of the 2024-02-28, the market capitalization of Ambarella is 2.334B.

When is the next earnings date for Ambarella?
The upcoming earnings date for Ambarella is Jun 04, 2024.

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About Ambarella

Ambarella Ambarella, Inc. develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality,... AMBA Profile

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