PLAYSTUDIOS INC (MYPS) Technical Analysis
NASDAQ:MYPS • US72815G1085
Current stock price
MYPS Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to MYPS. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MYPS is a bad performer in the overall market: 93% of all stocks are doing better.
- MYPS is part of the Entertainment industry. There are 80 other stocks in this industry, of which 77% 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 - 0.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYPS Weekly and Daily overview Charts
MYPS Setup Rating and Analysis
MYPS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.52. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MYPS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MYPS Support and Resistance Analysis
0.48
When analyzing the support we can see 2 important areas.
- A support 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.
- Support @0.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- 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.
MYPS 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 | 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 | 7.23 | NEGATIVE | MYPS has a low relative strength, it was outperformed by 92.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYPS is above the rising 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) | 47.38 | 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) | 67.66 | NEUTRAL | The Stochastics value for MYPS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for MYPS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.16 | NEUTRAL | The ADX value for MYPS suggests a possible start of a new trend. |
MYPS Chart- and CandleStick Pattern Analysis
MYPS Technicals: Chart, Performance Metrics, Trend & Indicators
0.51
-0.01 (-1.33%)
PLAYSTUDIOS INC / MYPS TA FAQ
What is the technical rating for MYPS stock?
ChartMill assigns a technical rating of 1 / 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 47.3786. 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 0.00643263, indicating a bearish trend.
What is the support and resistance level for MYPS stock?
PLAYSTUDIOS INC (MYPS) has a support level at 0.5 and a resistance level at 0.52. Check the full technical report for our detailed analysis of MYPS support and resistance levels.