Mobileye Stock Price Levels to Watch After This Week's 28% Drop

Stock Performance and Market Reaction - Mobileye's stock lost more than half its value last year due to sales pressure from customers carrying excess inventory and a broader industry slowdown in China and Europe [2] - The stock fell 7.7% to $15.65 on Friday and declined 28% over the week amid a broader downturn for U S stocks [2] - Investors were unimpressed by the company's presentation at the CES consumer electronics trade show, leading to a significant drop in share value [8] Technical Analysis and Key Price Levels - The stock's relative strength index (RSI) fell from overbought conditions to below the 50 threshold in less than a week [3] - Crucial support levels to watch are around $15, $12, and $10.50, with a major overhead area near $24 [4][10] - A breakdown below the ascending channel's lower trendline and 50-day MA could see the shares decline to around $15 [10] - Selling below $15 could bring the $12 level into play, with further downside potentially triggering a fall to $10.50 [7] Industry and Company Developments - The company faced challenges due to uncertainty surrounding global self-driving regulations [2] - CEO Amnon Shashua's address at CES did not provide updates on commercial wins, disappointing investors after promising driving assistance technology was unveiled in December [5] - The stock has trended higher within an orderly ascending channel since mid-September but recently found significant resistance near the pattern's upper trendline and the 200-day moving average [6]