YALLA GROUP LTD (YALA) Stock Technical Analysis
NYSE:YALA - New York Stock Exchange, Inc. - US98459U1034 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to YALA. In the last year, YALA was one of the better performers, but we do observe some doubts in the very recent evolution.
YALA is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 91% of 71 stocks in the same industry.
YALA has an average volume of 1387800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that YALA is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
YALA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so YALA is lagging the market.
In the last month YALA has a been trading in the 5.88 - 8.15 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.
YALA has an average technical rating and the quality of the presented setup is also not ideal 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
3.91
7.63
We found 4 important support areas.
- A support zone ranging from 6.67 to 6.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.13 from a horizontal line in the daily time frame.
- Support @4.04 from a trend line in the weekly time frame.
- Support @3.95 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.74 to 6.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.13 to 7.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.55 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 | UP | POSITIVE | The long term trend for YALA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YALA is down. |
| ChartMill Relative Strength | 93.42 | POSITIVE | YALA has a high relative strength, it outperformed 93.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YALA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of YALA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of YALA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.83 | NEUTRAL | The RSI value for YALA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests YALA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.06 | OVERSOLD | The low Stochastics value suggests YALA may be oversold. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for YALA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for YALA suggests a strong trend. |
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)
6.73
+0.04 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.6%
1 Week-2.32%
2 Weeks-2.6%
1 Month-14.27%
3 Month43.8%
6 Month52.26%
12 Month46.62%
2 Year54.36%
3 Year72.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%6.04%
ATR Inc-9.9%
Range Today0.27
ADR(20)0.39
ADR(20)%5.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.42
Mansfield3.28
10 Day High7.19
10 Day Low6.57
20 Day High8.15
20 Day Low5.88
52 Week High8.29
52 Week Low3.71
CS1 End6.72
CR1 Start6.74
Volume & EV
DER(3)2.59%
DER(5)-1.19%
Volume629.80K
Volume Incr-34.88%
Vol(5)740.26K
Vol(50)1.39M