CEVA Inc

CEVA remains in a Stage 4 decline confirmed by active support failure and a clear lower-high/lower-low sequence. The medium-term bias is firmly bearish as price trades below declining EMAs and the 50DMA. However, short-term extension into oversold territory counsels patience; execution should be deferred. We recommend trimming exposure on any relief rally up toward the 9/20EMA cluster, using a rejection at that resistance zone as the selling opportunity. Key risks include a deceptive bounce trapping bearish positions or choppy consolidation delaying the exit.

• ↑Q1 2026 revenue of $27M, up 11% YoY, with licensing at $17.8M
• ↑EPS of $0.04 doubled street estimates, marking strongest licensing quarter in 3 years
• ↓Current price $51.11 close to 52-week high of $51.59 suggests stretched valuation