FULL TRUCK ALLIANCE -SPN ADR (YMM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:YMM • US35969L1089
We assign a technical rating of 0 out of 10 to YMM. YMM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, YMM is a bad performer in the overall market: 84% of all stocks are doing better.
- YMM is one of the lesser performing stocks in the Ground Transportation industry. 73% of 42 stocks in the same industry do better.
- YMM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month YMM has a been trading in the 9.60 - 10.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- YMM has an average volume of 8376010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, YMM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.80, a Stop Loss order could be placed below this zone.
More info and screens
9.57
When analyzing the support we notice one important area.
- A support zone ranging from 9.67 to 9.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.93 to 9.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.74 to 10.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.82 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for YMM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YMM is down. |
| ChartMill Relative Strength | 16.05 | NEGATIVE | YMM has a low relative strength, it was outperformed by 83.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YMM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of YMM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YMM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.6 | NEUTRAL | The RSI value for YMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests YMM has a positive trend. |
| Stochastics (14,3) | 22.97 | NEUTRAL | The Stochastics value for YMM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for YMM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.94 | NEUTRAL | The ADX value for YMM suggests a possible start of a new trend. |
9.92
+0.24 (+2.48%)
FULL TRUCK ALLIANCE -SPN ADR / YMM FAQ
What is the technical rating for YMM stock?
ChartMill assigns a technical rating of 0 / 10 to YMM.
Can you provide the trend direction for FULL TRUCK ALLIANCE -SPN ADR?
The current trend direction for FULL TRUCK ALLIANCE -SPN ADR (YMM) is Bearish.
What is the RSI signal for FULL TRUCK ALLIANCE -SPN ADR (YMM) stock?
FULL TRUCK ALLIANCE -SPN ADR (YMM) has an RSI value of 42.6023. This indicates that the stock is currently neutral.
What is the short term momentum for FULL TRUCK ALLIANCE -SPN ADR (YMM) stock?
The short term momentum for FULL TRUCK ALLIANCE -SPN ADR (YMM) is negative.
Can you provide the buy/sell signal for FULL TRUCK ALLIANCE -SPN ADR?
The buy/sell signal for FULL TRUCK ALLIANCE -SPN ADR (YMM) is sell as both the short term and long term trends are negative.