Overall JOYY gets a technical rating of 6 out of 10. Although JOYY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, JOYY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 59.59, a Stop Loss order could be placed below this zone.
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54.31
2 important support areas can be observed.
- A support zone ranging from 58.19 to 59.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.86 to 54.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @63.13 from a horizontal line in the weekly time frame.
- Resistance @64.83 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for JOYY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JOYY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | JOYY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JOYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of JOYY is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 58.43 | NEUTRAL | The RSI value for JOYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests JOYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.41 | NEUTRAL | The Stochastics value for JOYY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for JOYY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for JOYY suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.14 | 58.18 | 4.96 (7.86%) | 12.73% |
| An entry @63.14. This is a Buy Stop order right above the resistance zone. | An exit @58.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.96 points, which is 7.86%. | For a 1.00% total portfolio risk, you can invest 12.73% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
63.12
-0.25 (-0.39%)
JOYY INC-ADR / JOYY FAQ
Can you provide the ChartMill technical rating for JOYY INC-ADR?
ChartMill assigns a technical rating of 6 / 10 to JOYY.
What is the trend direction for JOYY stock?
The current trend direction for JOYY INC-ADR (JOYY) is Bullish.
What is the RSI signal for JOYY stock?
JOYY INC-ADR (JOYY) has an RSI value of 58.4276. This indicates that the stock is currently neutral.
What is the short term momentum for JOYY stock?
The short term momentum for JOYY INC-ADR (JOYY) is positive.
What is the buy/sell signal for JOYY stock?
The buy/sell signal for JOYY INC-ADR (JOYY) is buy as both the short term and long term trends are positive.