AMBARELLA INC (AMBA) Stock Technical Analysis
USA - NASDAQ:AMBA - KYG037AX1015 - Common Stock
We assign a technical rating of 9 out of 10 to AMBA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMBA is showing a nice and steady performance.
AMBA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 87.83, a Stop Loss order could be placed below this zone.
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40.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 86.25 to 87.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.29 to 81.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.01 to 79.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.99 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for AMBA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMBA is neutral. |
| ChartMill Relative Strength | 91.84 | POSITIVE | AMBA has a high relative strength, it outperformed 91.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMBA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMBA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.84 | NEUTRAL | The RSI value for AMBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests AMBA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.18 | NEUTRAL | The Stochastics value for AMBA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for AMBA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.42 | 86.24 | 3.18 (3.56%) | 25.00% |
| An entry @89.42. This is a Buy Stop order right above the 10 day moving average. | An exit @86.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.18 points, which is 3.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMBA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
87.84
-0.91 (-1.03%)
AMBARELLA INC / AMBA FAQ
Can you provide the ChartMill technical rating for AMBARELLA INC?
ChartMill assigns a technical rating of 9 / 10 to AMBA.
Can you provide the trend direction for AMBARELLA INC?
The current trend direction for AMBARELLA INC (AMBA) is Bullish.
What is the RSI signal for AMBA stock?
AMBARELLA INC (AMBA) has an RSI value of 51.84. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AMBARELLA INC?
The short term momentum for AMBARELLA INC (AMBA) is neutral.
What is the support and resistance level for AMBA stock?
AMBARELLA INC (AMBA) has a support level at 87.83. Check the full technical report for our detailed analysis of AMBA support and resistance levels.