Friday June 14, 2019 Change -1.69% Price $41.38
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will AMBA stock price go up or down on Mon, 17 Jun 2019?

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Ambarella Forecast and Stock Analysis

Technical AMBA stock analysis for Friday June 14, 2019.

Sell candidate since 2019-05-16 Loss -12.26%


Ambarella fell by -1.69% in the last day ( Friday, 14th Jun 2019 ) from $42.09 to $41.38 and has now fallen 4 days in a row. During day the stock fluctuated 1.76% from a day low at $41.00 to a day high of $41.72. The price has been going up and down for this period, and there has been a 9.15% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -206 313 shares and in total 284 550 shares bought and sold for approximately $11.77 million.

Quick summary:

  • 30 day high of the AMBA stock price was $49.07 and low was $36.68.
  • 90 day high was $52.12 and low was $36.68.
  • 52 week high for the Ambarella - $52.12 and low - $30.00.

Trend

Ambarella lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.60% during the next 3 months and, with 90% probability hold a price between $33.01 and $44.79 at the end of this period.

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Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. Ambarella holds a buysignal 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 $43.92. On a fall, the stock will find some support from the short-term average at $41.05. 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. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ambarella finds support from accumulated volume at $39.78.

Support: $39.78 Price: $41.38 Resistance: $43.66

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 $0.72 between high and low, or 1.76%. For the last week, the stock has had a daily average volatility of 3.53%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

3.53 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today AMBA ranks #3515 as SELL CANDIDATE #3515 Weaker Sell

Will AMBA stock price go up or down on Mon, 17 Jun 2019?

Predict

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