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.
Although the technical rating is bad, MYPS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.71. 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
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When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.77 to 0.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.11 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 MYPS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYPS is neutral. |
| ChartMill Relative Strength | 5.13 | NEGATIVE | MYPS has a low relative strength, it was outperformed by 94.87% 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) | 43.87 | 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) | 56.25 | NEUTRAL | The Stochastics value for MYPS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for MYPS suggests high volalility. |
| Average Directional Index/ADX (14) | 33.87 | POSITIVE | The high ADX value value for MYPS suggests a strong trend. |
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-0.04 (-5.94%)
PLAYSTUDIOS INC / MYPS FAQ
What is the technical rating for MYPS stock?
ChartMill assigns a technical rating of 1 / 10 to MYPS.
What is the current trend direction of PLAYSTUDIOS INC (MYPS) stock?
The current trend direction for PLAYSTUDIOS INC (MYPS) is Bearish.
Can you provide the RSI signal for PLAYSTUDIOS INC?
PLAYSTUDIOS INC (MYPS) has an RSI value of 43.8672. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PLAYSTUDIOS INC?
The short term momentum for PLAYSTUDIOS INC (MYPS) is neutral.