While performing technical analysis of AMBER, RSI becomes one of the most important indicators to study stock momentum. Other indicators like, SMA and EMA are useful tools that traders can use to analyze overbought or oversold zones.
Amber Enterprises India Limited is a Consumer Cyclical sector stock and is listed on both NSE and BSE under symbol NSE:AMBER. The company opened at 5801 today, and closed the day at 6001.2 marking a bullish candle.
The current RSI of AMBER is at 43.33 implies that the stock is not in overbought/oversold zone. 9 period SMA, a short term moving average which is used as a trend following indicator is below share price of Amber Enterprises India Limited.
Also read - AMBER long term target analysis | AMBER analysis for tomorrow
AMBER’s Current and Past Week RSI Values
AMBER is trading at rs 6001.2 per share with RSI value of 43.33. The RSI value has risen by 3.47 points since yesterday. This range shows that the stock is currently under bearish pressure.
In the past week, the average RSI was 36.66 which is lower than 50. This signals bearishness in the company’s share price. The stock has managed to stay below the level 50 for the past 5 day(s) showing consistently weakening momentum.
RSI Chart and Updates of AMBER Shares
Latest RSI Updates:
- 2025-01-24: RSI has risen above 50, indicating bullish momentum.
- 2025-02-03: Relative strength decreases with RSI dropping under 50.
- 2025-02-10: Momentum is gaining as RSI crossed above 50.
- 2025-02-12: RSI is nearing oversold level of 40.
- 2025-02-20: Momentum is weak, RSI approaching 40.
Short Term Analysis of AMBER’s RSI
Previous week, AMBER's RSI showed notable fluctuations, starting at 35.4513 and closing at 43.3338. There was a change of 7.88 points last week. In this week starting on 2025-02-17, Amber Enterprises India Limited's RSI value changed by 7.42. Through this week, the Strength Index made a high of 43.3338 and dipped to 32.2794.
This shift indicates a rise in momentum when compared to last week's closing RSI of 43.3338. The average RSI for the current week stands at 36.66, which decreased from the previous week's average of 41.68.
Throughout the week, the RSI reached a high of 43.3338 and a low of 32.2794, illustrating the range of volatility in investor sentiment. This volatility is further underscored by the daily trends, where the RSI recorded 0 day(s) of rises and 5 day(s) of declines. Such movements provide insights into the short-term trading momentum and the overall trading behavior of AMBER.
AMBER’s Long Term Relative Strength Index Evaluation
In long term review of Amber Enterprises India Limited, the monthly RSI data shows falling momentum with an average value of 43.36. If we compare previous month value to that of its previous three months, the stock has underperformed.
This data makes it clear that there is a shift in momentum in the stock from bullish to bearish in the longer term.
AMBER’s RSI and Price Correlation
While analysing momentum, it's important that we study Amber Enterprises India Limited's price and RSI together. In the last 7 days, when the RSI of AMBER was gaining momentum its price was rising.
| Date | RSI | Price | Implication |
|---|---|---|---|
| 2025-02-13 | 40.15 | 6143.7 | Neutral |
| 2025-02-14 | 35.91 | 5817.3 | Bearish |
| 2025-02-17 | 35.45 | 5779.85 | Neutral |
| 2025-02-18 | 32.28 | 5514.25 | Bearish |
| 2025-02-19 | 32.37 | 5517.9 | Bullish |
| 2025-02-20 | 39.86 | 5837 | Bullish |
| 2025-02-21 | 43.33 | 6001.2 | Bullish |
1. In the past 7 days, RSI and price moved in the same direction on 5 day(s), indicating consistent momentum.
2. The RSI remained within normal ranges, indicating no extreme overbought or oversold conditions in the past 7 days.
3. No significant divergences were detected, suggesting stable momentum without clear signals for trend reversal.
Is AMBER Overbought or Oversold?
RSI can be used to determine overbought and oversold zones. AMBER's Relative Strength value of 43.33 shows that the stock is not in overbought or oversold zone.
9 Day SMA Analysis
9SMA is a useful trend-following indicator that is helpful in identification of short term trend. Currently AMBER closed above its 9SMA value of 5891.86.
Shares of Amber Enterprises India Limited have consistently stayed above the 9SMA since last 1 day(s). It is therefore bullish in short term.
AMBER’s 14, 21 Exponential Moving Average and 100 Day Simple Moving Average
14-day EMA is an indicator that is sensitive to short-term price movements. Currently 14EMA is at 6111.01. Another short term trend indicator is 21-day EMA, which is at Rs 6265.5. Latest data show that the 14-day EMA is below the 21-day EMA. Therefore AMBER's momentum is decreasing in short-term.
Long term trend indicator like 100-day SMA, closed at 6333. When comparing AMBER's current price of Rs 6001.2 to this average, being below it indicates downward trend in the market over a more longer period.
Short term momentum is bearish and the longer period trend is bearish. This means there is no disparity in price in both time frames.
Summary of AMBER’s Momentum
AMBER's current RSI of 43.33 indicates that the stock is bearish momentum. The 9-day SMA shows a bullish short-term trend, while the 14-day and 21-day EMAs suggest a weakening momentum. Furthermore, the 100-day SMA reflects a downward long-term trend.
