AMBA Technical Analysis - AMBARELLA INC

Technical Rating and Analysis

We assign a technical rating of 10 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.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, AMBA did better than 88% of all other stocks.

AMBA is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 78% of 112 stocks in the same industry.

AMBA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMBA is lagging the market slightly.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

In the last month AMBA has a been trading in the 70.00 - 93.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although AMBA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.58

85.53

6 important support areas can be observed.

A support zone ranging from 82.92 to 83.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 79.14 to 81.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 73.00 to 74.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @68.64 from a horizontal line in the daily time frame.
Support @63.91 from a trend line in the weekly time frame.
Support @40.99 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for AMBA is up.
ChartMill Relative Strength	88.64	POSITIVE	AMBA has a high relative strength, it outperformed 88.64% 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)	61.16	NEUTRAL	The RSI value for AMBA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests AMBA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.51	NEUTRAL	The Stochastics value for AMBA is a neutral value.
Average True Range in percent/ATR (20)	4.97	MEDIUM VOLATILITY	The ATR as a percentage value for AMBA suggests some volalility.
Average Directional Index/ADX (14)	35.04	POSITIVE	The high ADX value value for AMBA suggests a strong trend.