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Weaker Hold
Today CEVA ranks #1721 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$45.36 (3.00%)

Volume: 120k

Closed: Nov 29, 2021

Hollow Logo Score: 0.744

CEVA Stock Forecast

$45.36 (3.00%)

Volume: 120k

Closed: Nov 29, 2021

Score Hollow Logo 0.744
Which way will CEVA go? Request
Stop-loss: $43.06 (-5.08%)
Key Stats
P/E Ratio -366.03
Beta 2.41
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

CEVA stock upgraded to Hold/Accumulate.
(Updated on Nov 29, 2021)


Hold candidate since 2021-11-29

The CEVA stock price gained 3.00% on the last trading day (Monday, 29th Nov 2021), rising from $44.04 to $45.36. During the day the stock fluctuated 3.87% from a day low at $43.95 to a day high of $45.65. The price has been going up and down for this period, and there has been a -5.14% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 120 thousand shares were bought and sold for approximately $5.44 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.76% during the next 3 months and, with a 90% probability hold a price between $43.71 and $52.54 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 3.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CEVA stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $46.49 and $45.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

CEVA finds support from accumulated volume at $45.34 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 $1.70 between high and low, or 3.87%. For the last week, the stock has had a daily average volatility of 4.41%.

Our recommended stop-loss: $43.06 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 days ago.)

Is CEVA stock A Buy?

CEVA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.744

Predicted Opening Price for CEVA of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$44.99 $45.36 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Sep 21, 2021 "Northland Securities" gave "$57.00" rating for CEVA. The price target was set to $43.02+1.0%.

Volatility and Risk
Daily Average Volatility: 4.41 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.41 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $45.55
Price: $45.36
Support: $45.34

CEVA Insider Trading Show all Trades

INSIDER POWER

0.655

Last 100 transactions
Buy: 388 844 | Sell: 593 978 (Shares)
Date Action Amount Person Type
Nov 17, 2021 Sell 6 670 Wertheizer Gideon Common Stock
Nov 17, 2021 Sell 1 739 Wertheizer Gideon Common Stock
Jul 05, 2021 Buy 2 674 Liu Jaclyn Common Stock
Jul 05, 2021 Buy 2 674 Silver Louis Common Stock
Jul 05, 2021 Buy 2 674 Andrietti Bernadette Common Stock
Show all Insider Trades
INSIDER POWER

0.655

Last 100 transactions
Buy: 388 844 | Sell: 593 978 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 46.69 2.92 %
46.04 1.49 %
45.64 0.61 %
Current price: 45.36
Support 44.34 -2.25 %
43.94 -3.14 %
43.29 -4.57 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 48.05 5.93 %
46.63 2.80 %
45.55 0.42 %
Current price 45.36
Support 45.34 -0.0441%
45.08 -0.62%
42.61 -6.06%

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About CEVA

CEVA CEVA, Inc. licenses signal processing intellectual property (IP) technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for vision, imaging, and audio and voice, as well as communications technologies,... Read more

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