AMBARELLA INC (AMBA) Stock Technical Analysis
NASDAQ:AMBA - Nasdaq - KYG037AX1015 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to AMBA. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
68% of all other stocks performed better in the past year than AMBA.
AMBA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMBA is lagging the market.
In the last month AMBA has a been trading in the 50.50 - 66.31 range, which is quite wide. It is currently trading near the lows of this range.
AMBA is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 57% of 110 stocks in the same industry.
AMBA has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
40.58
59.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.72 to 51.52. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 54.55 to 54.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.34 to 58.43. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for AMBA is down. |
| ChartMill Relative Strength | 32.16 | NEUTRAL | AMBA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMBA is below a declining 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) | DOWN | NEGATIVE | The current price of AMBA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.75 | NEUTRAL | The RSI value for AMBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests AMBA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.31 | OVERSOLD | The low Stochastics value suggests AMBA may be oversold. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.95 | NEUTRAL | The ADX value for AMBA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
52.87
+0.48 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.92%
1 Week-2.26%
2 Weeks-1.25%
1 Month-17.74%
3 Month-2.56%
6 Month-25.46%
12 Month-4.45%
2 Year-36.81%
3 Year-19.23%
5 Year15.44%
10 Year-48.51%
15 YearN/A
Volatility
ATR(14)2.66
ATR(20)%4.8%
ATR Inc-57.7%
Range Today1.13
ADR(20)2.29
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.16
Mansfield-1.41
10 Day High55.83
10 Day Low50.59
20 Day High66.31
20 Day Low50.5
52 Week High85.15
52 Week Low38.86
CS1 End51.52
CR1 Start54.55
Volume & EV
DER(3)2.99%
DER(5)1.01%
Volume804.00K
Volume Incr-34.05%
Vol(5)708.24K
Vol(50)839.82K