Bullish vs. Bearish (1 opinions)
Social Sentiment 0.00
AMBA Forecast and Technical Stock Analysis
Sell candidate since 2019-08-09 Gain 2.54%
Ambarella gained 1.84% in the last trading day ( Monday, 19th Aug 2019 ), rising from $45.63 to $46.47 , and has now gained 4 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 day the stock fluctuated 1.69% from a day low at $46.11 to a day high of $46.90. The price has risen in 7 of the last 10 days and is up by 4.22% over the past 2 weeks. Volume fell in the last day by -15 217 shares and in total, 210 552 shares bought and sold for approximately $9.78 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Quick summary:
- 30 day high of the AMBA stock price was $50.88 and low was $44.07.
- 90 day high was $50.88 and low was $36.68.
- 52 week high for Ambarella - $52.12 and low - $30.00.
Trend
Ambarella lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $45.00 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.05% during the next 3 months and, with 90% probability hold a price between $54.48 and $63.50 at the end of this period.
Signals
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Ambarella holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $46.59. On a fall, the stock will find some support from the short-term average at $45.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
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Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 36 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $39.78 and $39.20.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ambarella finds support just below today's level at $39.78. If this is broken, then the next support from accumulated volume will be at $39.20 and $38.96.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.78 between high and low, or 1.69%. For the last week, the stock has had a daily average volatility of 2.69%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.69 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Ambarella holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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