Yalla Group Ltd Stock Forecast
Green day on Friday for Yalla Group Ltd stock after gaining 0.85%
(Updated on Apr 26, 2024)
The Yalla Group Ltd stock price gained 0.85% on the last trading day (Friday, 26th Apr 2024), rising from $4.68 to $4.72. During the last trading day the stock fluctuated 2.14% from a day low at $4.67 to a day high of $4.77. The price has fallen in 6 of the last 10 days and is down by -2.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 106 thousand more shares were traded than the day before. In total, 200 thousand shares were bought and sold for approximately $943.13 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.22% during the next 3 months and, with a 90% probability hold a price between $4.21 and $4.90 at the end of this 3-month period.
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YALA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.42%. Further rise is indicated until a new top pivot has been found. Yalla Group Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yalla Group Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.82. On a fall, the stock will find some support from the short-term average at $4.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Yalla Group Ltd stock
Yalla Group Ltd finds support from accumulated volume at $4.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.1000 (2.14%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YALA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Yalla Group Ltd to open at $4.72, and during the day (based on 14 day Average True Range), to move between $4.60 and $4.84, which gives a possible trading interval of +/-$0.119 (+/-2.52%) up or down from last closing price. If Yalla Group Ltd takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.71 (0.21%) than the resistance at $4.78 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yalla Group Ltd stock A Buy?
Yalla Group Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.612 Sell Candidate Unchanged
Predicted Opening Price for Yalla Group Ltd of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$4.72 ( 0%) | $4.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YALA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.82 | 2.12 % | |
R2 | 4.78 | 1.31 % | ||
R1 | 4.76 | 0.81 % | ||
Current price: | 4.72 | |||
Support | S1 | 4.68 | -0.81 % | |
S2 | 4.66 | -1.31 % | ||
S3 | 4.62 | -2.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.82 | 2.12 % | |
R2 | 4.81 | 1.91 % | ||
R1 | 4.78 | 1.27 % | ||
Current price | 4.72 | |||
Support | S1 | 4.71 | -0.212% | |
S2 | 4.66 | -1.27% | ||
S3 | 4.52 | -4.24% |
FAQ
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