JOYY INC-ADR (YY) Stock Technical Analysis
USA - NASDAQ:YY - US46591M1099 - ADR
Overall YY gets a technical rating of 5 out of 10. YY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
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27.93
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.
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.
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. |
41.55
-1.08 (-2.53%)
JOYY INC-ADR / YY FAQ
What is the ChartMill technical rating of JOYY INC-ADR (YY) stock?
ChartMill assigns a technical rating of 5 / 10 to YY.
Can you provide the trend direction for JOYY INC-ADR?
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.
Can you provide the MACD signal for JOYY INC-ADR?
The MACD indicator for JOYY INC-ADR (YY) has a value of -0.70035, indicating a bearish trend.
Can you provide the support and resistance levels for JOYY INC-ADR?
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.