RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMBA
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Red day on Thursday for Ambarella
(Updated on Mar 28, 2024)

Sell candidate since Mar 13, 2024 Loss -4.32% PDF

The Ambarella stock price fell by -0.98% on the last day (Thursday, 28th Mar 2024) from $51.27 to $50.77. During the last trading day the stock fluctuated 3.13% from a day low at $50.67 to a day high of $52.26. The price has been going up and down for this period, and there has been a -0.37% loss for the last 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 399 thousand shares were bought and sold for approximately $20.24 million.

The stock lies in the middle of a 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 -9.08% during the next 3 months and, with a 90% probability hold a price between $43.93 and $51.31 at the end of this 3-month period.

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AMBA Signals & Forecast

There are mixed signals in the stock today. The Ambarella stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $53.82. On a fall, the stock will find some support from the short-term average at $50.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.30%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Ambarella stock

Ambarella finds support from accumulated volume at $50.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.59 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.43%.

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

Trading Expectations (AMBA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ambarella to open at $51.23, and during the day (based on 14 day Average True Range), to move between $48.68 and $52.86, which gives a possible trading interval of +/-$2.09 (+/-4.12%) up or down from last closing price. If Ambarella takes out the full calculated possible swing range there will be an estimated 8.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $50.71 (0.12%) than the resistance at $54.50 (7.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ambarella stock A Buy?

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.

Current score: -1.379 Sell Candidate Unchanged

Predicted Opening Price for Ambarella of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$51.23 ( 0.91%) $50.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMBA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.82 4.03 %
R2 52.21 2.84 %
R1 51.84 2.10 %
Current price: 50.77
Support S1 50.63 -0.283 %
S2 50.25 -1.02 %
S3 49.65 -2.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 57.99 14.22 %
R2 55.85 10.01 %
R1 54.50 7.35 %
Current price 50.77
Support S1 50.71 -0.118%
S2 49.24 -3.01%
S3 49.15 -3.19%

FAQ

What is the symbol for Ambarella Stock and on which exchange is it traded?
The symbol for Ambarella is AMBA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ambarella Stock?
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.

How to buy Ambarella Stock?
Ambarella Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ambarella Stock.

What's the current price of Ambarella Stock?
As of the end of day on the 2024-03-28, the price of an Ambarella (AMBA) share was $50.77.

What is the 52-week high and low for Ambarella Stock?
The 52-week high for Ambarella Stock is $89.18 and the 52-week low is $43.64.

What is the market capitalization of Ambarella Stock?
As of the 2024-03-28, the market capitalization of Ambarella is 2.064B.

When is the next earnings date for Ambarella?
The upcoming earnings date for Ambarella is Jun 04, 2024.
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About Ambarella

Ambarella Ambarella, Inc. develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality,... AMBA Profile

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