Taking everything into account, TYHT scores 8 out of 10 in our technical rating. In the last year, TYHT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TYHT did better than 98% of all other stocks.
- TYHT is part of the Personal Care Products industry. There are 37 other stocks in this industry. TYHT outperforms 100% of them.
- TYHT is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So TYHT is doing better than the market!
- In the last month TYHT has a been trading in the 9.15 - 14.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
TYHT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.92
We found 1 important support area.
- Support @10.02 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @12.06 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 12.30 to 12.49. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for TYHT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TYHT is up. |
| ChartMill Relative Strength | 98.96 | POSITIVE | TYHT has a high relative strength, it outperformed 98.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TYHT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TYHT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TYHT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for TYHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TYHT has a negative trend. |
| Stochastics (14,3) | 59.59 | NEUTRAL | The Stochastics value for TYHT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.46 | HIGH VOLATILITY | The high ATR as a percentage value for TYHT suggests high volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.07 | 10.21 | 1.86 (15.41%) | 6.49% |
| An entry @12.07. This is a Buy Stop order right above the resistance zone. | An exit @10.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.86 points, which is 15.41%. | For a 1.00% total portfolio risk, you can invest 6.49% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:TYHT (10/15/2021, 8:10:24 PM)
11.09
-0.45 (-3.9%)
Shineco Inc / TYHT FAQ
Can you provide the ChartMill technical rating for Shineco Inc?
ChartMill assigns a technical rating of 7 / 10 to TYHT.
What is the current trend direction of Shineco Inc (TYHT) stock?
The current trend direction for Shineco Inc (TYHT) is Bullish.
Can you provide the RSI signal for Shineco Inc?
Shineco Inc (TYHT) has an RSI value of 51.4773. This indicates that the stock is currently neutral.
What is the short term momentum for Shineco Inc (TYHT) stock?
The short term momentum for Shineco Inc (TYHT) is positive.
What are the support and resistance levels for Shineco Inc (TYHT) stock?
Shineco Inc (TYHT) has a support level at 10.02 and a resistance level at 12.06. Check the full technical report for our detailed analysis of TYHT support and resistance levels.