Ceva Stock Falls 10% Despite Revenue Beat - $31.09 Level Now Decisive
Ceva Stock just delivered a session that resets the entire technical picture. The daily candle opened at $36.84 and hit its high at the open. It then collapsed to a $31.80 low before closing at $31.92. That is a full-range liquidation bar. The burden of proof now sits firmly with the buyers.
Key takeaways
- CEVA reported Q2 revenue of $29 million, up 13% year over year, yet shares fell roughly 10%
- Price closed at $31.92, well below the 20-day EMA at $36.50 and the 50-day EMA at $37.99
- The 200-day EMA at $31.09 is now the single most important support reference on the chart
- Hourly MACD shows fresh acceleration to the downside, undermining the neutral daily reading
- A decisive break below $31.09 opens the door to the daily S1 at $30.20 and the daily lower Bollinger band at $29.15
The fundamental backdrop makes the move more interesting. CEVAโs second-quarter revenue reached $29 million, up 13% year over year and 7% sequentially. Licensing activity hit its strongest level in three years. Royalty revenue also recovered from the prior quarter. CEO Amir Panush highlighted licensing and related revenue as the growth driver. The company beat estimates. The shares fell roughly 10% anyway.
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