AMBO Technical Analysis - AMBOW EDUCATION HOLDING-ADR

Technical Rating and Analysis

Taking everything into account, AMBO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMBO is showing a nice and steady performance.

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

When comparing the yearly performance of all stocks, we notice that AMBO is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, AMBO also shows a nice and consistent pattern of rising prices.

AMBO is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 97% of 75 stocks in the same industry.

A new 52 week high is currently being made by AMBO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month AMBO has a been trading in the 3.28 - 6.75 range, which is quite wide. It is currently trading near the high of this range.

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

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMBOW EDUCATION HOLDING-ADR / AMBO Weekly stock chart

AMBOW EDUCATION HOLDING-ADR / AMBO Daily stock chart

Setup Rating and Analysis

Although AMBO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.92

5.81

We found 3 important support areas.

A support zone ranging from 3.54 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @3.40 from a trend line in the daily time frame.
Support @2.95 from a trend 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 AMBO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AMBO is up.
ChartMill Relative Strength	97.62	POSITIVE	AMBO has a high relative strength, it outperformed 97.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AMBO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AMBO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AMBO is above the rising SMA(200).
Relative Strength Index/RSI (14)	80.24	OVERBOUGHT	The high RSI value suggests AMBO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests AMBO has a positive trend.
Stochastics (14,3)	70.68	NEUTRAL	The Stochastics value for AMBO is a neutral value.
Average True Range in percent/ATR (20)	6.99	HIGH VOLATILITY	The high ATR as a percentage value for AMBO suggests high volalility.
Average Directional Index/ADX (14)	26.14	POSITIVE	The high ADX value value for AMBO suggests a strong trend.