What is the price prediction for MBLY?


Aime
The price forecast for Mobileye Global (MBLY) shows a bearish trend with a high likelihood of price declines. Here are the key points regarding the price prediction:
- Current Price Trend: The stock is currently between narrow resistance and wide resistance levels, indicating a potential breakout but also limited upward movement.
- Forecasted Price Trend: The forecast for MBLY suggests a bearish price movement. The stock is expected to decline from its current price to a low of $16.33 by January 9, 2025.
- Support and Resistance Levels: The support level is at $16.95, and the resistance level is at $17.72. The stock is positioned between these levels, which could lead to a breakout in either direction.
- Analyst Price Target: The average analyst price target for MBLY is $17.13, with a consensus rating of "Neutral"1. This suggests that analysts do not see significant upside potential in the near term.
- Recent Stock Performance: MBLY recently surged by 6.35% on December 9, 2024, reaching an intraday high of $18.85 before settling at $18.08. This movement could be a reaction to RBC Capital's announcement about potential contract wins2.
- Market Sentiment: Despite the recent positive movement, the overall sentiment is bearish, with a 64.64% historical win rate for selling the stock.
In conclusion, the price prediction for MBLY is predominantly bearish, with limited potential for upward movement. The stock is likely to face downward pressure in the near term, with a forecasted mean price of $17.5 by December 10, 2024, and a potential low of $16.33 by January 9, 2025. Investors should exercise caution and consider these factors when making trading decisions for MBLY.
Source:
1.
MBLY Average Analyst Price Target, Consensus Rating
more
less
Continue this conversation 

Explore
Screener
Analysis
Wiki