HUYA Technical Analysis - HUYA INC-ADR

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to HUYA. HUYA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, HUYA is a bad performer in the overall market: 84% of all stocks are doing better.

HUYA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month HUYA has a been trading in the 2.85 - 3.48 range, which is quite wide. It is currently trading near the lows of this range.

HUYA has an average volume of 1351740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

HUYA is an average performer in the Entertainment industry, it outperforms 40% of 80 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of HUYA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.86

3.93

We found 1 important support area.

A support zone ranging from 2.89 to 2.89. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 3.29 to 3.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @3.57 from a trend line in the daily time frame.
Resistance @3.89 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for HUYA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HUYA is down.
ChartMill Relative Strength	16.49	NEGATIVE	HUYA has a low relative strength, it was outperformed by 83.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HUYA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HUYA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HUYA is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.07	NEUTRAL	The RSI value for HUYA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests HUYA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	4.87	OVERSOLD	The low Stochastics value suggests HUYA may be oversold.
Average True Range in percent/ATR (20)	3.56	MEDIUM VOLATILITY	The ATR as a percentage value for HUYA suggests some volalility.
Average Directional Index/ADX (14)	20.35	NEUTRAL	The ADX value for HUYA suggests a possible start of a new trend.