FULL TRUCK ALLIANCE -SPN ADR (YMM) Stock Technical Analysis
NYSE:YMM - New York Stock Exchange, Inc. - US35969L1089 - ADR - Currency: USD
Taking everything into account, YMM scores 8 out of 10 in our technical rating. YMM 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that YMM is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, YMM also shows a nice and consistent pattern of rising prices.
YMM is part of the Ground Transportation industry. There are 40 other stocks in this industry. YMM outperforms 79% of them.
YMM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so YMM is lagging the market slightly.
In the last month YMM has a been trading in the 11.51 - 12.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
YMM has an average volume of 6339050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, YMM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.05, a Stop Loss order could be placed below this zone.
More info and screens
10.37
12.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.75 to 12.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.13 to 11.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.47 to 10.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.42 to 12.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.76 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 | UP | POSITIVE | The long term trend for YMM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for YMM is neutral. |
| ChartMill Relative Strength | 81.31 | POSITIVE | YMM has a high relative strength, it outperformed 81.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YMM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of YMM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.97 | NEUTRAL | The RSI value for YMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests YMM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.05 | NEUTRAL | The Stochastics value for YMM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for YMM suggests some volalility. |
| Average Directional Index/ADX (14) | 10.2 | NEGATIVE | The low ADX value for YMM suggests a weak or negative 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)
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 |
|---|---|---|---|
| 12.51 | 11.74 | 0.77 (6.16%) | 16.25% |
| An entry @12.51. This is a Buy Stop order right above the resistance zone. | An exit @11.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.77 points, which is 6.16%. | When investing 16.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
12.08
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0%
1 Week2.9%
2 Weeks3.07%
1 Month0.67%
3 Month8.54%
6 Month12.06%
12 Month48.95%
2 Year61.28%
3 Year42.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%3.24%
ATR Inc-19.74%
Range Today0.38
ADR(20)0.36
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.31
Mansfield0.85
10 Day High12.67
10 Day Low11.51
20 Day High12.71
20 Day Low11.51
52 Week High13.85
52 Week Low6.66
CS1 End12.05
CR1 Start12.42
Volume & EV
DER(3)1.8%
DER(5)1.83%
Volume3.61M
Volume Incr-8.31%
Vol(5)4.90M
Vol(50)6.34M