JOYY INC. ADS - Daily - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 82.88 USD
My targets
88.50 USD (+5.73%)
97.23 USD (+16.16%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JOYY INC. ADS. As long as you are above the support located at 82.88 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 88.50 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 97.23 USD as an objective. Crossing it would then enable buyers to target 111.23 USD. If the support 82.88 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JOYY INC. ADS price is 83.70 USD. The price is lower by -1.18% since the last closing and was traded between 82.23 USD and 85.34 USD over the period. The price is currently at +1.79% from its lowest and -1.92% from its highest.82.23
85.34
83.70
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by JOYY INC. ADS:
Technical
Technical analysis of JOYY INC. ADS in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.14 | 58.46 | 66.70 | 83.70 | 88.50 | 97.23 | 111.23 |
| Change (%) | -37.71% | -30.16% | -20.31% | - | +5.73% | +16.16% | +32.89% |
| Change | -31.56 | -25.24 | -17.00 | - | +4.80 | +13.53 | +27.53 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.99 | 82.30 | 83.50 | 84.80 | 86.00 | 87.31 | 88.51 |
| Camarilla | 84.01 | 84.24 | 84.47 | 84.70 | 84.93 | 85.16 | 85.39 |
| Woodie | 80.94 | 82.27 | 83.45 | 84.78 | 85.95 | 87.28 | 88.46 |
| Fibonacci | 82.30 | 83.25 | 83.85 | 84.80 | 85.76 | 86.35 | 87.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.82 | 82.47 | 85.58 | 89.23 | 92.34 | 95.99 | 99.10 |
| Camarilla | 86.82 | 87.44 | 88.06 | 88.68 | 89.30 | 89.92 | 90.54 |
| Woodie | 78.54 | 82.34 | 85.30 | 89.10 | 92.06 | 95.86 | 98.82 |
| Fibonacci | 82.47 | 85.06 | 86.65 | 89.23 | 91.82 | 93.41 | 95.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.82 | 44.28 | 66.42 | 82.88 | 105.02 | 121.48 | 143.62 |
| Camarilla | 77.94 | 81.47 | 85.01 | 88.55 | 92.09 | 95.63 | 99.17 |
| Woodie | 30.65 | 45.70 | 69.25 | 84.30 | 107.85 | 122.90 | 146.45 |
| Fibonacci | 44.28 | 59.03 | 68.14 | 82.88 | 97.63 | 106.74 | 121.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.83 | |
| MACD (12,26,9): | 3.2900 | |
| Directional Movement: | 2.01 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 90.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.68 | |
| Elder Ray (13): | -3.00 | |
| Super Trend (3,10): | 82.49 | |
| Zig ZAG (10): | 83.70 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 8.77 | |
| TEMA (21): | 88.82 | |
| Williams %R (14): | -90.93 | |
| Chande Momentum Oscillator (20): | -13.28 | |
| Repulse (5,40,3): | -6.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.0700 | |
| Courbe Coppock: | 3.59 |
| MA7: | 86.60 | |
| MA20: | 88.93 | |
| MA50: | 72.67 | |
| MA100: | 63.90 | |
| MAexp7: | 86.12 | |
| MAexp20: | 85.38 | |
| MAexp50: | 76.78 | |
| MAexp100: | 69.59 | |
| Price / MA7: | -3.35% | |
| Price / MA20: | -5.88% | |
| Price / MA50: | +15.18% | |
| Price / MA100: | +30.99% | |
| Price / MAexp7: | -2.81% | |
| Price / MAexp20: | -1.97% | |
| Price / MAexp50: | +9.01% | |
| Price / MAexp100: | +20.28% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on JOYY INC. ADS at the time of the analysis were as follows:
- 650 Group Finds Data Center Equipment CAPEX for the US Hyperscalers Grows 10% Y/Y in 3Q19
- IoT and AI will Drive Further WLAN Growth; 802.11ax WLAN Infrastructure Market Shows 5% Y/Y Growth Following a Period of Acquisitions, According to 650 Group
- Ethernet Switch Market Hits $7.5B in 1Q‘19, According to 650 Group; Campus Switching, North America, and China Drive Robust Y/Y Growth
- YY Announces Completion of Acquisition of Bigo, Ping An Overseas Holdings was the Exclusive Investor in Bigo's Series C Round Funding
- Report: Developing Opportunities within YY, Ingredion, Standex International, Graham, Cooper-Standard, and Titan Machinery — Future Expectations, Projections Moving into 2018
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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