Mbly price prediction

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.

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.

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.