SO-YOUNG INTERNATIONAL-ADR (SY) Stock Technical Analysis
NASDAQ:SY • US83356Q1085
Taking everything into account, SY scores 7 out of 10 in our technical rating. In the past year, SY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- SY is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 100% of 69 stocks in the same industry.
- In the last month SY has a been trading in the 2.61 - 3.90 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, SY did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SY is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SY has an excellent technical rating, it does not present a decent entry opportunity 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
2.81
When analyzing the support we notice one important area.
- Support @2.84 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.71 to 3.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.81 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 | NEUTRAL | NEUTRAL | The long term trend for SY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SY is up. |
| ChartMill Relative Strength | 98.42 | POSITIVE | SY has a high relative strength, it outperformed 98.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.74 | OVERBOUGHT | The high RSI value suggests SY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SY has a positive trend. |
| Stochastics (14,3) | 86.83 | OVERBOUGHT | The high Stochastics value suggests SY may be overbought. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for SY suggests high volalility. |
| Average Directional Index/ADX (14) | 31.19 | POSITIVE | The high ADX value value for SY suggests a strong trend. |
3.7
-0.01 (-0.27%)
SO-YOUNG INTERNATIONAL-ADR / SY FAQ
What is the ChartMill technical rating of SO-YOUNG INTERNATIONAL-ADR (SY) stock?
ChartMill assigns a technical rating of 7 / 10 to SY.
What is the current trend direction of SO-YOUNG INTERNATIONAL-ADR (SY) stock?
The current trend direction for SO-YOUNG INTERNATIONAL-ADR (SY) is Bearish.
What is the RSI signal for SY stock?
SO-YOUNG INTERNATIONAL-ADR (SY) has an RSI value of 74.7396. This indicates that the stock is currently overbought.
What is the short term momentum for SY stock?
The short term momentum for SO-YOUNG INTERNATIONAL-ADR (SY) is positive.
What is the support and resistance level for SY stock?
SO-YOUNG INTERNATIONAL-ADR (SY) has a support level at 2.84 and a resistance level at 3.71. Check the full technical report for our detailed analysis of SY support and resistance levels.