MYPS Technical Analysis - PLAYSTUDIOS INC

Technical Rating and Analysis

Overall MYPS gets a technical rating of 1 out of 10. 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.

When comparing the yearly performance of all stocks, MYPS is a bad performer in the overall market: 94% 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month MYPS has a been trading in the 0.93 - 1.06 range, which is quite wide. It is currently trading near the lows of this range.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

PLAYSTUDIOS INC / MYPS Weekly stock chart

PLAYSTUDIOS INC / MYPS Daily stock chart

Setup Rating and Analysis

MYPS has a poor technical rating and the quality of the setup is also not perfect 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.95

1.37

When analyzing the support we notice one important area.

A support zone ranging from 0.96 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 3 important resistance areas.

Resistance @1.16 from a trend line in the daily time frame.
Resistance @1.23 from a trend line in the daily time frame.
Resistance @1.36 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	6.05	NEGATIVE	MYPS has a low relative strength, it was outperformed by 93.95% 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)	48.15	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.
Stochastics (14,3)	43.85	NEUTRAL	The Stochastics value for MYPS is a neutral value.
Average True Range in percent/ATR (20)	3.39	MEDIUM VOLATILITY	The ATR as a percentage value for MYPS suggests some volalility.
Average Directional Index/ADX (14)	23.16	NEUTRAL	The ADX value for MYPS suggests a possible start of a new trend.