AMBARELLA INC (AMBA) Stock Technical Analysis
NASDAQ:AMBA • KYG037AX1015
Overall AMBA gets a technical rating of 0 out of 10. AMBA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 84% of all other stocks performed better in the past year than AMBA.
- AMBA is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 83% of 114 stocks in the same industry do better.
- In the last month AMBA has a been trading in the 58.58 - 69.05 range, which is quite wide. It is currently trading near the high of this range.
- AMBA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMBA is lagging the market.
AMBA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 68.02. Right above this resistance zone may be a good entry point.
More info and screens
40.58
4 important support areas can be observed.
- Support @67.84 from a trend line in the daily time frame.
- Support @63.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 59.45 to 59.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @40.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 68.02 to 70.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMBA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMBA is neutral. |
| ChartMill Relative Strength | 16.68 | NEGATIVE | AMBA has a low relative strength, it was outperformed by 83.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMBA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMBA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AMBA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.13 | NEUTRAL | The RSI value for AMBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests AMBA has a positive trend. |
| Stochastics (14,3) | 82.67 | OVERBOUGHT | The high Stochastics value suggests AMBA may be overbought. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBA suggests some volalility. |
| Average Directional Index/ADX (14) | 9.44 | NEGATIVE | The low ADX value for AMBA suggests a weak or negative trend. |
68.01
+1.78 (+2.69%)
AMBARELLA INC / AMBA FAQ
Can you provide the ChartMill technical rating for AMBARELLA INC?
ChartMill assigns a technical rating of 0 / 10 to AMBA.
What is the current trend direction of AMBARELLA INC (AMBA) stock?
The current trend direction for AMBARELLA INC (AMBA) is Bearish.
What is the RSI signal for AMBA stock?
AMBARELLA INC (AMBA) has an RSI value of 54.133. This indicates that the stock is currently neutral.
What is the MACD signal for AMBA stock?
The MACD indicator for AMBARELLA INC (AMBA) has a value of 0.723415, indicating a bearish trend.
What is the short term momentum for AMBARELLA INC (AMBA) stock?
The short term momentum for AMBARELLA INC (AMBA) is neutral.