JOYY INC-ADR (YY) Technical Analysis
NASDAQ:YY • US46591M1099
Current stock price
YY Technical Rating and Analysis
Overall YY gets a technical rating of 5 out of 10. In the last year, YY was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- YY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that YY is one of the better performing stocks in the market, outperforming 92% of all stocks.
- YY is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. YY outperforms 92% of them.
- 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.
- YY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so YY is lagging the market slightly.
YY Weekly and Daily overview Charts
YY Setup Rating and Analysis
YY has an average technical rating and it also does not offer a high quality setup 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
YY Support and Resistance Analysis
27.93
5 important support areas can be observed.
- A support zone ranging from 41.22 to 41.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.30 from a trend line in the weekly time frame.
- Strong support @33.41 from a horizontal line in the daily time frame.
- Support @32.63 from a horizontal line in the daily time frame.
- Support @28.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 41.56 to 41.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.82 from a horizontal line in the daily time frame.
- Resistance @47.17 from a trend line in the daily time frame.
YY Technical Indicator Signal Analysis
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 YY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YY is down. |
| ChartMill Relative Strength | 92.66 | POSITIVE | YY has a high relative strength, it outperformed 92.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of YY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of YY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.35 | NEUTRAL | The RSI value for YY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests YY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.69 | OVERSOLD | The low Stochastics value suggests YY may be oversold. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for YY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for YY suggests a possible start of a new trend. |
YY Chart- and CandleStick Pattern Analysis
YY Technicals: Chart, Performance Metrics, Trend & Indicators
41.55
-1.08 (-2.53%)
JOYY INC-ADR / YY TA FAQ
What is the ChartMill technical rating of JOYY INC-ADR (YY) stock?
ChartMill assigns a technical rating of 5 / 10 to YY.
What is the trend direction for YY stock?
The current trend direction for JOYY INC-ADR (YY) is Bullish.
Can you provide the RSI signal for JOYY INC-ADR?
JOYY INC-ADR (YY) has an RSI value of 37.3542. This indicates that the stock is currently neutral.
What is the MACD signal for YY stock?
The MACD indicator for JOYY INC-ADR (YY) has a value of -0.70035, indicating a bearish trend.
What is the support and resistance level for YY stock?
JOYY INC-ADR (YY) has a support level at 41.54 and a resistance level at 41.56. Check the full technical report for our detailed analysis of YY support and resistance levels.