JOYY INC-ADR (JOYY) Technical Analysis
NASDAQ:JOYY • US46591M1099
Current stock price
JOYY Technical Rating and Analysis
Taking everything into account, JOYY scores 3 out of 10 in our technical rating. Although JOYY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month JOYY has a been trading in the 56.24 - 64.44 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, JOYY did better than 74% of all other stocks. On top of that, JOYY also shows a nice and consistent pattern of rising prices.
- JOYY is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 85% of 69 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- JOYY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JOYY is lagging the market slightly.
JOYY Weekly and Daily overview Charts
JOYY Setup Rating and Analysis
JOYY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 60.85. Right above this resistance zone may be a good entry point.
More info and screens
JOYY Support and Resistance Analysis
54.32
3 important support areas can be observed.
- A support zone ranging from 57.96 to 58.28. 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 56.41 to 56.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 60.85 to 61.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.81 from a horizontal line in the daily time frame.
JOYY 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 | NEUTRAL | NEUTRAL | The long term trend for JOYY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JOYY is down. |
| ChartMill Relative Strength | 74.89 | POSITIVE | JOYY has a high relative strength, it outperformed 74.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JOYY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JOYY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of JOYY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.54 | NEUTRAL | The RSI value for JOYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests JOYY has a positive trend. |
| Stochastics (14,3) | 27.85 | NEUTRAL | The Stochastics value for JOYY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for JOYY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for JOYY suggests a weak or negative trend. |
JOYY Chart- and CandleStick Pattern Analysis
JOYY Technicals: Chart, Performance Metrics, Trend & Indicators
58.5
+0.2 (+0.34%)
JOYY INC-ADR / JOYY TA FAQ
Can you provide the ChartMill technical rating for JOYY INC-ADR?
ChartMill assigns a technical rating of 3 / 10 to JOYY.
What is the current trend direction of JOYY INC-ADR (JOYY) stock?
The current trend direction for JOYY INC-ADR (JOYY) is Bearish.
What is the RSI signal for JOYY INC-ADR (JOYY) stock?
JOYY INC-ADR (JOYY) has an RSI value of 43.5362. This indicates that the stock is currently neutral.
Can you provide the MACD signal for JOYY INC-ADR?
The MACD indicator for JOYY INC-ADR (JOYY) has a value of 0.042416, indicating a bearish trend.
What is the short term momentum for JOYY INC-ADR (JOYY) stock?
The short term momentum for JOYY INC-ADR (JOYY) is negative.