Ambarella Forecast and Stock Analysis
Technical AMBA stock analysis for February 15, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.01 |
| ROA | -4.99 |
Ambarella gained 0.30% in the last trading day, rising from $39.41 to $39.53 , and has now gained 3 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. The price has risen in 7 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 46 354 more shares were traded than the day before. In total, 271 055 shares bought and sold for approximately $10.71 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMBA stock was $39.53. This is 0.3% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.58% from a day low at $39.13 to a day high of $39.75.
30 day high of the AMBA stock price was $39.83 and low was $34.84.
90 day high was $42.79 and low was $30.00.
52 week high for the Ambarella - $55.50 and low - $30.00.
Trend
Ambarella lies in the middle of a very 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 8.05% during the next 3 months and, with 90% probability hold a price between $37.99 and $48.79 at the end of this period.
Signals
Only positive signals in the chart today. Ambarella holds buy signals from both short- and long-term moving averages. In addition, 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 $38.74 and $37.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Ambarella finds support from accumulated volume at $39.40.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.62 (1.58%) between high and low. For the last week, the stock has had a daily average volatility of 2.04%.
Our recommended stoploss: $37.75 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
