Shineco Inc (TYHT) Stock Technical Analysis
NASDAQ:TYHT -
11.09
-0.45 (-3.9%)
Overall TYHT gets a technical rating of 8 out of 10. TYHT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 36 other stocks in this industry. TYHT outperforms 100% of them.
TYHT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TYHT is lagging 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. Another positive sign is the recent Pocket Pivot signal.
- 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
12.61
We found 1 important support area.
- Support @10.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg-3.9%
1 Week-0.18%
2 Weeks5.32%
1 Month-7.97%
3 Month149.21%
6 Month127.72%
12 Month310.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%11.46%
ATR Inc-23.69%
Range Today0.6
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.96
Mansfield6.34
10 Day High12.6
10 Day Low10.22
20 Day High14.69
20 Day Low9.15
52 Week High19.4
52 Week Low2.45
CS1 End10.02
CR1 Start12.06
Volume & EV
DER(3)-13.59%
DER(5)-5.41%
Volume34.50K
Volume Incr-57.97%
Vol(5)62.62K
Vol(50)218.06K