PLAYSTUDIOS INC (MYPS) Technical Analysis
NASDAQ:MYPS • US72815G1085
We assign a technical rating of 0 out of 10 to MYPS. MYPS'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than MYPS.
- MYPS is part of the Entertainment industry. There are 80 other stocks in this industry, of which 82% are performing better than MYPS.
- MYPS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MYPS is lagging the market.
- In the last month MYPS has a been trading in the 0.43 - 0.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYPS has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
0.48
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.50 to 0.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.59 from a trend 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 | DOWN | NEGATIVE | The long term trend for MYPS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYPS is down. |
| ChartMill Relative Strength | 6.09 | NEGATIVE | MYPS has a low relative strength, it was outperformed by 93.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYPS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYPS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYPS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.56 | NEUTRAL | The RSI value for MYPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MYPS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.81 | NEUTRAL | The Stochastics value for MYPS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.41 | HIGH VOLATILITY | The high ATR as a percentage value for MYPS suggests high volalility. |
| Average Directional Index/ADX (14) | 26.39 | POSITIVE | The high ADX value value for MYPS suggests a strong trend. |
MYPS Technicals: Chart, Performance Metrics, Trend & Indicators
0.4893
-0.01 (-2.84%)
PLAYSTUDIOS INC / MYPS FAQ
What is the technical rating for MYPS stock?
ChartMill assigns a technical rating of 0 / 10 to MYPS.
What is the trend direction for MYPS stock?
The current trend direction for PLAYSTUDIOS INC (MYPS) is Bearish.
What is the RSI signal for PLAYSTUDIOS INC (MYPS) stock?
PLAYSTUDIOS INC (MYPS) has an RSI value of 41.5584. This indicates that the stock is currently neutral.
What is the MACD signal for PLAYSTUDIOS INC (MYPS) stock?
The MACD indicator for PLAYSTUDIOS INC (MYPS) has a value of 0.00631824, indicating a bearish trend.
What is the support and resistance level for MYPS stock?
PLAYSTUDIOS INC (MYPS) has a resistance level at 0.5. Check the full technical report for our detailed analysis of MYPS support and resistance levels.