YYAI Technical Analysis - CONNEXA SPORTS TECHNOLOGIES

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to YYAI. YYAI 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.

YYAI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month YYAI has a been trading in the 1.06 - 5.29 range, which is quite wide. It is currently trading near the lows of this range.

YYAI is part of the Leisure Products industry. There are 33 other stocks in this industry. YYAI outperforms 96% of them.

YYAI has an average volume of 1957360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the yearly performance of all stocks, we notice that YYAI is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CONNEXA SPORTS TECHNOLOGIES / YYAI Weekly stock chart

CONNEXA SPORTS TECHNOLOGIES / YYAI Daily stock chart

Setup Rating and Analysis

YYAI 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.12

4.14

2 important resistance areas can be observed.

A resistance zone ranging from 2.29 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.10 from a trend line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for YYAI is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for YYAI is down.
ChartMill Relative Strength	91.43	POSITIVE	YYAI has a high relative strength, it outperformed 91.43% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of YYAI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of YYAI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of YYAI is above a declining SMA(200).
Relative Strength Index/RSI (14)	42.05	NEUTRAL	The RSI value for YYAI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests YYAI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	29.56	NEUTRAL	The Stochastics value for YYAI is a neutral value.
Average True Range in percent/ATR (20)	33.34	HIGH VOLATILITY	The high ATR as a percentage value for YYAI suggests high volalility.
Average Directional Index/ADX (14)	42.81	POSITIVE	The high ADX value value for YYAI suggests a strong trend.