CONNEXA SPORTS TECHNOLOGIES (YYAI) Stock Technical Analysis
NASDAQ:YYAI - Nasdaq - US8314454088 - Common Stock - Currency: USD
Taking everything into account, YYAI scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. YYAI was also a bad performer in the overall market in the last year.
95% of all other stocks performed better in the past year than YYAI.
YYAI is part of the Leisure Products industry. There are 30 other stocks in this industry, of which 82% are performing better than YYAI.
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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month YYAI has a been trading in the 0.75 - 1.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
YYAI has an average technical rating and the quality of the presented setup is also not ideal 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
0.78
1.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.91 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.86 from a trend line in the daily time frame.
- Support @0.79 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.02 from a trend line in the daily time frame.
- Resistance @1.04 from a horizontal 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 | 5.39 | NEGATIVE | YYAI has a low relative strength, it was outperformed by 94.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of YYAI is above a declining 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) | 52.9 | NEUTRAL | The RSI value for YYAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests YYAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.57 | NEUTRAL | The Stochastics value for YYAI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.38 | HIGH VOLATILITY | The high ATR as a percentage value for YYAI suggests high volalility. |
| Average Directional Index/ADX (14) | 43.1 | POSITIVE | The high ADX value value for YYAI suggests a strong 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)
0.93
-0.1 (-9.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-9.71%
1 Week5.56%
2 Weeks4.49%
1 Month-3.12%
3 Month29.08%
6 Month-29.01%
12 Month-94.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%10.38%
ATR Inc46.83%
Range Today0.07
ADR(20)0.09
ADR(20)%9.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.39
Mansfield-7.52
10 Day High1.06
10 Day Low0.86
20 Day High1.17
20 Day Low0.75
52 Week High18.3
52 Week Low0.35
CS1 End0.93
CR1 Start1.02
Volume & EV
DER(3)-4.23%
DER(5)-0.65%
Volume42.90K
Volume Incr-26.8%
Vol(5)140.14K
Vol(50)168.22K