PLAYSTUDIOS INC (MYPS) Stock Technical Analysis
NASDAQ:MYPS - Nasdaq - US72815G1085 - Common Stock - Currency: USD
Taking everything into account, MYPS scores 0 out of 10 in our technical rating. MYPS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
92% of all other stocks performed better in the past year than MYPS.
MYPS is one of the lesser performing stocks in the Entertainment industry. 78% of 72 stocks in the same industry do better.
MYPS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MYPS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The technical rating of MYPS is bad and it also does not present a 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.
More info and screens
1.16
2.19
When analyzing the support we can see 2 important areas.
- Support @1.22 from a horizontal line in the weekly time frame.
- Support @1.17 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 1.31 to 1.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.43 from a trend line in the daily time frame.
- Resistance @1.54 from a trend line in the weekly time frame.
- Resistance @2.05 from a trend line in the weekly time frame.
- Resistance @2.17 from a horizontal 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 MYPS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYPS is down. |
| ChartMill Relative Strength | 8.59 | NEGATIVE | MYPS has a low relative strength, it was outperformed by 91.41% 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) | 38.1 | NEUTRAL | The RSI value for MYPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MYPS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.7 | OVERSOLD | The low Stochastics value suggests MYPS may be oversold. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for MYPS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for MYPS suggests a possible start of a new 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)
1.23
-0.01 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.81%
1 Week0.82%
2 Weeks-5.38%
1 Month-18%
3 Month-3.91%
6 Month-30.51%
12 Month-39.71%
2 Year-75.05%
3 Year-69.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.09%
ATR Inc-23.97%
Range Today0.05
ADR(20)0.07
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.59
Mansfield-2.77
10 Day High1.38
10 Day Low1.19
20 Day High1.52
20 Day Low1.19
52 Week High2.29
52 Week Low1.14
CS1 End1.22
CR1 Start1.31
Volume & EV
DER(3)-1.71%
DER(5)-0.36%
Volume204.59K
Volume Incr-15.66%
Vol(5)269.75K
Vol(50)314.40K