Weaker Buy Today AMBA ranks #1115 as BUY CANDIDATE #1115 Stronger Buy

AMBA stock forecast Ambarella

AMBA stock forecast

Friday January 24, 2020 Change -0.43% Price $60.49
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

AMBA Forecast and Technical Stock Analysis


Buy candidate since 2020-01-21 Gain 0.17% PDF

Ambarella fell by -0.43% in the last day ( Friday, 24th Jan 2020 ) from $60.75 to $60.49 and has now fallen 3 days in a row. During the day the stock fluctuated 2.54% from a day low at $60.21 to a day high of $61.74. The price has fallen in 6 of the last 10 days and is down by -3.62% for this period. Volume has increased in the last day by 381 906 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 655 260 shares bought and sold for approximately $39.64 million.

Quick summary:

  • 30 day high of the AMBA stock price was $65.23 and low was $58.76.
  • 90 day high was $65.23 and low was $51.16.
  • 52 week high for Ambarella - $67.15 and low - $36.68.
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Trend

Ambarella lies in the middle of a wide and strong 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 17.05% during the next 3 months and, with 90% probability hold a price between $65.78 and $77.64 at the end of this period.

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Signals

Ambarella holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $61.54. On a fall, the stock will find some support from the long-term average at approximately $59.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday January 21, 2020, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 41 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

Ambarella finds support from accumulated volume at $58.03.

Support: $58.03 Price: $60.49 Resistance: $62.05

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.53 (2.54%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: $57.21 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

2.37 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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.

Weaker Buy Today AMBA ranks #1115 as BUY CANDIDATE #1115 Stronger Buy
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