JOYY Technical Analysis - JOYY INC-ADR

Technical Rating and Analysis

Taking everything into account, JOYY scores 4 out of 10 in our technical rating. In the last year, JOYY was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

100% of all other stocks performed better in the past year than JOYY.

JOYY is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, of which 89% are performing better than JOYY.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

In the last month JOYY has a been trading in the 54.58 - 61.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

JOYY has an average technical rating and it also does not offer a high 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

49.86

64.45

We found 3 important support areas.

A support zone ranging from 57.06 to 58.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 54.72 to 54.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @50.36 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

Resistance @63.81 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	UP	POSITIVE	The long term trend for JOYY is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for JOYY is neutral.
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)	DOWN	MIXED	The current price of JOYY is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of JOYY is above the rising SMA(50).
Relative Strength Index/RSI (14)	54.9	NEUTRAL	The RSI value for JOYY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests JOYY has a negative trend, although the MACD value is rising.
Stochastics (14,3)	51.69	NEUTRAL	The Stochastics value for JOYY is a neutral value.
Average True Range in percent/ATR (20)	2.71	MEDIUM VOLATILITY	The ATR as a percentage value for JOYY suggests some volalility.
Average Directional Index/ADX (14)	19.62	NEGATIVE	The low ADX value for JOYY suggests a weak or negative trend.