JOYY INC. ADS - Daily - Technical analysis published on 07/19/2019 (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 68.76 USD
My targets
63.93 USD (-3.06%)
56.74 USD (-13.97%)
My analysis
The bearish trend is currently very strong for YY INC. ADS. As long as the price remains below the resistance at 68.76 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 63.93 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 56.74 USD as an objective. Crossing it would then enable sellers to target 47.75 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.
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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
The YY INC. ADS price is 65.95 USD. On the day, this instrument lost -0.75% and was traded between 64.72 USD and 66.54 USD over the period. The price is currently at +1.90% from its lowest and -0.89% from its highest.64.72
66.54
65.95
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this YY INC. ADS chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 47.75 | 56.74 | 63.93 | 65.95 | 68.76 | 73.96 | 78.00 |
| Change (%) | -27.60% | -13.97% | -3.06% | - | +4.26% | +12.15% | +18.27% |
| Change | -18.20 | -9.21 | -2.02 | - | +2.81 | +8.01 | +12.05 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.03 | 65.22 | 65.83 | 67.02 | 67.63 | 68.82 | 69.43 |
| Camarilla | 65.96 | 66.12 | 66.29 | 66.45 | 66.62 | 66.78 | 66.95 |
| Woodie | 63.75 | 65.08 | 65.55 | 66.88 | 67.35 | 68.68 | 69.15 |
| Fibonacci | 65.22 | 65.90 | 66.33 | 67.02 | 67.70 | 68.13 | 68.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.54 | 64.38 | 65.94 | 68.78 | 70.34 | 73.18 | 74.74 |
| Camarilla | 66.28 | 66.68 | 67.09 | 67.49 | 67.89 | 68.30 | 68.70 |
| Woodie | 60.89 | 64.06 | 65.29 | 68.46 | 69.69 | 72.86 | 74.09 |
| Fibonacci | 64.38 | 66.06 | 67.10 | 68.78 | 70.46 | 71.50 | 73.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.34 | 59.10 | 64.39 | 72.15 | 77.44 | 85.20 | 90.49 |
| Camarilla | 66.10 | 67.30 | 68.49 | 69.69 | 70.89 | 72.08 | 73.28 |
| Woodie | 50.12 | 58.48 | 63.17 | 71.53 | 76.22 | 84.58 | 89.27 |
| Fibonacci | 59.10 | 64.08 | 67.16 | 72.15 | 77.13 | 80.21 | 85.20 |
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): | 37.39 | |
| MACD (12,26,9): | -1.3800 | |
| Directional Movement: | -15.32 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 67.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.79 | |
| Elder Ray (13): | -2.85 | |
| Super Trend (3,10): | 71.72 | |
| Zig ZAG (10): | 65.95 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 7.51 | |
| TEMA (21): | 67.08 | |
| Williams %R (14): | -86.41 | |
| Chande Momentum Oscillator (20): | -6.76 | |
| Repulse (5,40,3): | -2.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 8.21 |
| MA7: | 67.62 | |
| MA20: | 69.36 | |
| MA50: | 70.01 | |
| MA100: | 75.97 | |
| MAexp7: | 67.50 | |
| MAexp20: | 69.22 | |
| MAexp50: | 71.37 | |
| MAexp100: | 72.87 | |
| Price / MA7: | -2.47% | |
| Price / MA20: | -4.92% | |
| Price / MA50: | -5.80% | |
| Price / MA100: | -13.19% | |
| Price / MAexp7: | -2.30% | |
| Price / MAexp20: | -4.72% | |
| Price / MAexp50: | -7.59% | |
| Price / MAexp100: | -9.50% |
News
The latest news and videos published on YY INC. ADS at the time of the analysis were as follows:
- 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
- Market Trends Toward New Normal in NEXEO SOLUTIONS, Mimecast, Mellanox Technologies, YY, Enerplus, and Costamare — Emerging Consolidated Expectations, Analyst Ratings
- PJSC PHOSAGRO - PhosAgro's revenue in 4Q17 up 14% y/y to RUB 45.8 bln
This member declared not having a position on this financial instrument or a related financial instrument.
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