JOYY INC-ADR (YY) Stock Technical Analysis
NASDAQ:YY - Nasdaq - US46591M1099 - ADR - Currency: USD
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.
Looking at the yearly performance, YY did better than 92% of all other stocks.
YY is part of the Interactive Media & Services industry. There are 71 other stocks in this industry. YY outperforms 88% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
YY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so YY is lagging the market.
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
27.93
47.64
We found 5 important support areas.
- 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.
We can see 3 important resistance 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.
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. |
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)
41.55
-1.08 (-2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-2.53%
1 Week-1%
2 Weeks-12.86%
1 Month-11.2%
3 Month-1.61%
6 Month10.21%
12 Month35.12%
2 Year33.26%
3 Year13.12%
5 Year-21.99%
10 Year-23.85%
15 YearN/A
Volatility
ATR(14)1.85
ATR(20)%4.47%
ATR Inc-47.3%
Range Today1.14
ADR(20)1.66
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.66
Mansfield1.44
10 Day High49.83
10 Day Low40.8
20 Day High51.52
20 Day Low40.8
52 Week High55.31
52 Week Low27.88
CS1 End41.54
CR1 Start41.56
Volume & EV
DER(3)-5.74%
DER(5)-4.27%
Volume642.00K
Volume Incr-45.34%
Vol(5)619.90K
Vol(50)702.87K