Ambarella Forecast and Stock Analysis
Technical AMBA stock analysis for Friday June 14, 2019.
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.
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.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Ambarella finds support from accumulated volume at $39.78.
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 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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