JOYY INC. ADS - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 63.99 USD
My targets
56.74 USD (-6.40%)
51.77 USD (-14.60%)
My analysis
The basic trend is currently slightly bearish on YY INC. ADS and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 63.99 USD, sales could be favoured. The first bearish objective would be located at 56.74 USD. Sellers would then use the next support located at 51.77 USD as an objective. Crossing it would then enable sellers to target 38.10 USD. A return to above the resistance at 63.99 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
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
3.4
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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
YY INC. ADS rating 60.62 USD. The price registered a decrease of -0.23% on the session with the lowest point at 59.89 USD and the highest point at 61.90 USD. The deviation from the price is +1.22% for the low point and -2.07% for the high point.59.89
61.90
60.62
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
A technical analysis in Daily of this YY INC. ADS chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle 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 | 38.10 | 51.77 | 56.74 | 60.62 | 63.99 | 68.77 | 78.00 |
| Change (%) | -37.15% | -14.60% | -6.40% | - | +5.56% | +13.44% | +28.67% |
| Change | -22.52 | -8.85 | -3.88 | - | +3.37 | +8.15 | +17.38 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.27 | 58.65 | 59.71 | 61.09 | 62.15 | 63.53 | 64.59 |
| Camarilla | 60.09 | 60.31 | 60.54 | 60.76 | 60.98 | 61.21 | 61.43 |
| Woodie | 60.95 | 61.99 | 59.54 | 61.01 | 61.98 | 63.45 | 64.42 |
| Fibonacci | 62.07 | 62.68 | 63.06 | 63.67 | 64.28 | 64.66 | 65.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.41 | 60.30 | 62.05 | 62.94 | 64.69 | 65.58 | 67.33 |
| Camarilla | 63.06 | 63.31 | 63.55 | 63.79 | 64.03 | 64.27 | 64.52 |
| Woodie | 59.83 | 60.52 | 62.47 | 63.16 | 65.11 | 65.80 | 67.75 |
| Fibonacci | 60.30 | 61.31 | 61.94 | 62.94 | 63.95 | 64.58 | 65.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.12 | 50.90 | 57.34 | 63.12 | 69.56 | 75.34 | 81.78 |
| Camarilla | 60.43 | 61.55 | 62.67 | 63.79 | 64.91 | 66.03 | 67.15 |
| Woodie | 45.46 | 51.07 | 57.68 | 63.29 | 69.90 | 75.51 | 82.12 |
| Fibonacci | 50.90 | 55.57 | 58.45 | 63.12 | 67.79 | 70.67 | 75.34 |
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): | 46.88 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 3.38 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 62.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.99 | |
| Elder Ray (13): | -1.03 | |
| Super Trend (3,10): | 59.11 | |
| Zig ZAG (10): | 60.76 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 34.35 | |
| TEMA (21): | 62.66 | |
| Williams %R (14): | -85.31 | |
| Chande Momentum Oscillator (20): | -0.50 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 4.02 |
| MA7: | 62.19 | |
| MA20: | 62.60 | |
| MA50: | 59.81 | |
| MA100: | 59.48 | |
| MAexp7: | 61.71 | |
| MAexp20: | 61.75 | |
| MAexp50: | 60.88 | |
| MAexp100: | 61.74 | |
| Price / MA7: | -2.52% | |
| Price / MA20: | -3.16% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | -1.77% | |
| Price / MAexp20: | -1.83% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -1.81% |
News
Don"t forget to follow the news on YY INC. ADS. At the time of publication of this analysis, the latest news was 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.
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