Bullish vs. Bearish (4 opinions)
Social Sentiment 0.04
AMBA Forecast and Technical Stock Analysis
Sell candidate since 2019-11-29 Loss -6.30% PDF
Ambarella fell by -4.52% in the last day ( Monday, 9th Dec 2019 ) from $53.72 to $51.29 During the day the stock fluctuated 5.00% from a day low at $51.16 to a day high of $53.72. The price has been going up and down for this period, and there has been a -6.27% loss for the last 2 weeks. Volume has increased in the last day by 0.52 million 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, 1.02 million shares bought and sold for approximately $52.31 million.
- 30 day high of the AMBA stock price was $61.75 and low was $51.16.
- 90 day high was $67.15 and low was $49.50.
- 52 week high for Ambarella - $67.15 and low - $32.31.
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 -15.63% during the next 3 months and, with 90% probability hold a price between $37.66 and $47.70 at the end of this period.
There are few to none technical positive signals at the moment. Ambarella holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $52.73 and $54.68. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday December 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 35 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $2.56 between high and low, or 5.00%. For the last week, the stock has had a daily average volatility of 2.61%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.61 %Average volatility
Very Low Low Medium High Very High
Ambarella holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate candidate.
|AMBA $51.29 ($-2.43 -4.52%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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