Ambarella Technical Analysis (NASDAQ:AMBA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future Ambarella stock price movements is formed, the AMBA stock chart can become a key tool for a technical analyst.
See Ambarella bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Ambarella stock analysis.
Ambarella Moving Average:
AMBA stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Ambarella chart patterns after the calculations remain the same. The 100 day moving average of 52.55 is above the last closing price of 46.44. A rise in trend over the long term indicates a long term uptrend. Similarly a falling AMBA moving average implies that Ambarella stock price is falling.
Ambarella Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the AMBA stock. Currently the stock price of $46.44 is in the lower range of Ambarella bollinger bands.
Ambarella Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Ambarella MACD line is above the signal line.
Ambarella Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AMBA stock is 32.37. .