HUYA INC. ADS - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 19.15 USD
My targets
17.22 USD (-5.52%)
15.23 USD (-16.48%)
My analysis
The bearish trend is currently very strong for HUYA INC. ADS. As long as the price remains below the resistance at 19.15 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.22 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.23 USD as an objective. Crossing it would then enable sellers to target 13.85 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HUYA INC. ADS rating 18.23 USD. The price registered an increase of +3.70% on the session and was traded between 17.41 USD and 18.24 USD over the period. The price is currently at +4.71% from its lowest and -0.05% from its highest.17.41
18.24
18.23
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of HUYA INC. ADS in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 18.23 | 20.10 | 22.01 | 24.08 |
| Change (%) | - | +10.26% | +20.74% | +32.09% |
| Change | - | +1.87 | +3.78 | +5.85 |
| Level | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.62 | 17.07 | 17.32 | 17.77 | 18.02 | 18.47 | 18.72 |
| Camarilla | 17.39 | 17.45 | 17.52 | 17.58 | 17.64 | 17.71 | 17.77 |
| Woodie | 16.53 | 17.02 | 17.23 | 17.72 | 17.93 | 18.42 | 18.63 |
| Fibonacci | 17.07 | 17.33 | 17.50 | 17.77 | 18.03 | 18.20 | 18.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.23 | 16.79 | 17.74 | 19.30 | 20.25 | 21.81 | 22.76 |
| Camarilla | 17.99 | 18.22 | 18.45 | 18.68 | 18.91 | 19.14 | 19.37 |
| Woodie | 14.91 | 16.64 | 17.42 | 19.15 | 19.94 | 21.66 | 22.45 |
| Fibonacci | 16.79 | 17.75 | 18.34 | 19.30 | 20.26 | 20.86 | 21.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.85 | 17.22 | 19.15 | 22.52 | 24.45 | 27.82 | 29.75 |
| Camarilla | 19.61 | 20.10 | 20.58 | 21.07 | 21.56 | 22.04 | 22.53 |
| Woodie | 13.12 | 16.86 | 18.42 | 22.16 | 23.72 | 27.46 | 29.02 |
| Fibonacci | 17.22 | 19.25 | 20.50 | 22.52 | 24.55 | 25.80 | 27.82 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.27 | |
| MACD (12,26,9): | -1.3300 | |
| Directional Movement: | -24.60 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 18.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.25 | |
| Elder Ray (13): | -1.73 | |
| Super Trend (3,10): | 20.69 | |
| Zig ZAG (10): | 18.18 | |
| VORTEX (21): | 0.6400 | |
| Stochastique (14,3,5): | 6.35 | |
| TEMA (21): | 17.85 | |
| Williams %R (14): | -84.94 | |
| Chande Momentum Oscillator (20): | -3.65 | |
| Repulse (5,40,3): | -3.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6100 | |
| Courbe Coppock: | 35.17 |
| MA7: | 18.45 | |
| MA20: | 20.76 | |
| MA50: | 22.00 | |
| MA100: | 22.70 | |
| MAexp7: | 18.66 | |
| MAexp20: | 20.27 | |
| MAexp50: | 21.71 | |
| MAexp100: | 22.34 | |
| Price / MA7: | -1.19% | |
| Price / MA20: | -12.19% | |
| Price / MA50: | -17.14% | |
| Price / MA100: | -19.69% | |
| Price / MAexp7: | -2.30% | |
| Price / MAexp20: | -10.06% | |
| Price / MAexp50: | -16.03% | |
| Price / MAexp100: | -18.40% |
This member declared not having a position on this financial instrument or a related financial instrument.
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