Mbly price prediction
7/26/2024 11:08am
**Mobileye Global Inc. (MBLY) Price Prediction**: The current analysis suggests a bearish trend with potential for a short-term rise, followed by a longer-term decline.
1. **Short-Term Trend Forecast**: The short-term trend forecast for MBLY is uncertain. The MACD is -1.15, indicating a bearish momentum, while the KDJ is -7.28, suggesting an oversold condition. The RSI is 8.09, which is also indicative of an oversold state. Given these indicators, the stock could experience a short-term rise as it may be due for a technical rebound.
|Ticker|Name|MACD|KDJ|RSI|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|MBLY.O|Mobileye Global|-1.1451|-7.2760|8.0932|20240725|MBLY|185|
2. **Price Target and Forecast Price**: The average price target from analysts is $35.8, which is significantly higher than the current closing price of $21.08. This suggests that analysts are optimistic about the stock's future performance. However, the forecast price in the next 20 trading days is not available.
3. **Technical Indicators and Sentiment**: The sentiment is bearish, with a Fear & Greed Index indicating fear. The stock has experienced a significant drop, and the RSI is low, which could indicate that the stock is oversold and may be due for a rebound. However, the stock is currently trading 6.37% above the forecast price, which suggests it may be overvalued.
4. **Moving Averages and Historical Performance**: The stock is currently below its 50-Day, 60-Day, and 120-Day moving averages, which typically act as support levels. The stock's performance below these averages could indicate a bearish trend.
|Ticker|Name|60-Day Moving Average|50-Day Moving Average|30-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|MBLY.O|Mobileye Global|27.3325|27.0442|26.5930|20240725|MBLY|185|
|Ticker|Name|240-Day Moving Average|200-Day Moving Average|120-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|MBLY.O|Mobileye Global|32.5186|31.4972|28.0430|20240725|MBLY|185|
5. **Long-Term Prospects**: While the company has a strong revenue pipeline and is expected to break even in the medium term, the stock's long-term prospects may be limited by its current valuation and market conditions.
In conclusion, while the short-term trend could see a technical rebound, the bearish sentiment and the stock's performance below key moving averages suggest that investors should exercise caution. The long-term prospects appear mixed, with potential for growth but also a need for the stock to address its valuation concerns.