HELLO GROUP INC -SPN ADR (MOMO) Stock Technical Analysis
NASDAQ:MOMO - Nasdaq - US4234031049 - ADR - Currency: USD
Overall MOMO gets a technical rating of 1 out of 10. MOMO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
64% of all other stocks performed better in the past year than MOMO.
MOMO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MOMO is lagging the market.
In the last month MOMO has a been trading in the 5.70 - 6.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MOMO has an average volume of 1061560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MOMO is an average performer in the Interactive Media & Services industry, it outperforms 66% of 70 stocks in the same industry.
Although the technical rating is bad, MOMO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.12, a Stop Loss order could be placed below this zone.
More info and screens
5.21
7.78
We found 2 important support areas.
- A support zone ranging from 6.09 to 6.12. 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 5.26 to 5.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.18 to 6.22. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @6.41 from a horizontal line in the daily time frame.
- Resistance @7.70 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MOMO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MOMO is neutral. |
| ChartMill Relative Strength | 36.48 | NEUTRAL | MOMO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MOMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MOMO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MOMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.09 | NEUTRAL | The RSI value for MOMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MOMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.89 | NEUTRAL | The Stochastics value for MOMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MOMO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.7 | NEGATIVE | The low ADX value for MOMO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.13
+0.14 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.34%
1 Week0.49%
2 Weeks-4.22%
1 Month7.36%
3 Month-16.82%
6 Month-8.92%
12 Month8.69%
2 Year-24.04%
3 Year0.82%
5 Year-68.4%
10 Year-66.06%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%2.64%
ATR Inc-19.74%
Range Today0.15
ADR(20)0.15
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.48
Mansfield-1.15
10 Day High6.35
10 Day Low5.92
20 Day High6.49
20 Day Low5.7
52 Week High8.38
52 Week Low5.12
CS1 End6.12
CR1 Start6.18
Volume & EV
DER(3)2.58%
DER(5)2.7%
Volume675.50K
Volume Incr2.19%
Vol(5)766.66K
Vol(50)1.06M