CONNEXA SPORTS TECHNOLOGIES (YYAI) Stock Technical Analysis
NASDAQ:YYAI - Nasdaq - US8314454088 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to YYAI. In the past year, YYAI was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
YYAI 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.
YYAI is part of the Leisure Products industry. There are 30 other stocks in this industry. YYAI outperforms 96% of them.
In the last month YYAI has a been trading in the 0.75 - 1.17 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Looking at the yearly performance, YYAI did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although YYAI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.72
1.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.73 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 | DOWN | NEGATIVE | The long term trend for YYAI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YYAI is up. |
| ChartMill Relative Strength | 95.31 | POSITIVE | YYAI has a high relative strength, it outperformed 95.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YYAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YYAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YYAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.98 | NEUTRAL | The RSI value for YYAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests YYAI has a positive trend. |
| Stochastics (14,3) | 86.48 | OVERBOUGHT | The high Stochastics value suggests YYAI may be overbought. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for YYAI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.57 | NEUTRAL | The ADX value for YYAI 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)
1.09
+0.13 (+13.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg13.54%
1 Week35.74%
2 Weeks32.94%
1 Month22.61%
3 Month54.17%
6 Month0.93%
12 Month62.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.89%
ATR Inc146.22%
Range Today0.23
ADR(20)0.07
ADR(20)%6.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.31
Mansfield-7.5
10 Day High1.17
10 Day Low0.77
20 Day High1.17
20 Day Low0.75
52 Week High18.96
52 Week Low0.33
CS1 End0.84
CR1 StartN/A
Volume & EV
DER(3)18.8%
DER(5)13.35%
Volume356.80K
Volume Incr15.87%
Vol(5)208.40K
Vol(50)175.70K