Amba does line up with an ABC bullish pattern but have noted some of these patterns are failing unlike they did in the strong bull market.
Negative moving averages but the 200 still slopes up. Trading lose to earnings is risky.
There is a gap under price.
There is a suspicious to which has already broken the neckline.
Bear flag noted and price has broken bottom trendline of the flag.
Earnings are close, so this may lose a bit more before announcement. Time will tell.
No recommendation.
EPS (FWD)
1.57
PE (FWD)
85.68
No dividend which adds a point against it perhaps in this environment.
Short Interest
3.42%
Market Cap
$4.99B
Volume
40,544
Ambarella, Inc. develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable cameras; automotive cameras; drones; virtual reality cameras; and internet protocol security cameras for professional use, and home security and monitoring, as well as robotics and industrial application, including identification/authentication cameras, robotic products, and sensing cameras. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and distributors. Ambarella, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
Negative moving averages but the 200 still slopes up. Trading lose to earnings is risky.
There is a gap under price.
There is a suspicious to which has already broken the neckline.
Bear flag noted and price has broken bottom trendline of the flag.
Earnings are close, so this may lose a bit more before announcement. Time will tell.
No recommendation.
EPS (FWD)
1.57
PE (FWD)
85.68
No dividend which adds a point against it perhaps in this environment.
Short Interest
3.42%
Market Cap
$4.99B
Volume
40,544
Ambarella, Inc. develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable cameras; automotive cameras; drones; virtual reality cameras; and internet protocol security cameras for professional use, and home security and monitoring, as well as robotics and industrial application, including identification/authentication cameras, robotic products, and sensing cameras. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and distributors. Ambarella, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
There is also what appears to be a bear flag