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AI Analysis of HUYA
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Huya Inc. Sponsored Adr Class A stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 32.44% PDF

The Huya Inc. Sponsored Adr Class A stock price gained 1.60% on the last trading day (Wednesday, 27th Mar 2024), rising from $4.38 to $4.45. During the last trading day the stock fluctuated 3.68% from a day low at $4.35 to a day high of $4.51. The price has been going up and down for this period, and there has been a -5.72% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 238 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $6.15 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.78% during the next 3 months and, with a 90% probability hold a price between $4.98 and $6.71 at the end of this 3-month period.

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HUYA Signals & Forecast

The Huya Inc. Sponsored Adr Class A stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.48. On a fall, the stock will find some support from the long-term average at approximately $3.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -7.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Huya Inc. Sponsored Adr Class A stock

Huya Inc. Sponsored Adr Class A finds support from accumulated volume at $4.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.160 between high and low, or 3.68%. For the last week, the stock has had daily average volatility of 5.64%.

Our recommended stop-loss: $4.19 (-5.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (HUYA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Huya Inc. Sponsored Adr Class A to open at $4.44, and during the day (based on 14 day Average True Range), to move between $4.15 and $4.75, which gives a possible trading interval of +/-$0.299 (+/-6.72%) up or down from last closing price. If Huya Inc. Sponsored Adr Class A takes out the full calculated possible swing range there will be an estimated 13.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.44 (0.22%) than the resistance at $4.48 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Huya Inc. Sponsored Adr Class A stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Huya Inc. Sponsored Adr Class A stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.202 Buy Candidate Upgraded

Predicted Opening Price for Huya Inc. Sponsored Adr Class A of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.44 ( 0.300%) $4.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HUYA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.60 3.30 %
R2 4.54 1.92 %
R1 4.50 1.07 %
Current price: 4.45
Support S1 4.38 -1.67 %
S2 4.34 -2.52 %
S3 4.28 -3.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.72 6.07 %
R2 4.66 4.72 %
R1 4.48 0.674 %
Current price 4.45
Support S1 4.44 -0.225%
S2 4.40 -1.12%
S3 3.36 -24.49%

HUYA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 09, 2024 May 09, 2024 May 24, 2024 $0.660 14.83%

FAQ

What is the symbol for Huya Inc. Sponsored Adr Class A Stock and on which exchange is it traded?
The symbol for Huya Inc. Sponsored Adr Class A is HUYA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Huya Inc. Sponsored Adr Class A Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Huya Inc. Sponsored Adr Class A stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Huya Inc. Sponsored Adr Class A Stock?
Huya Inc. Sponsored Adr Class A Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Huya Inc. Sponsored Adr Class A Stock.

What's the current price of Huya Inc. Sponsored Adr Class A Stock?
As of the end of day on the 2024-03-27, the price of an Huya Inc. Sponsored Adr Class A (HUYA) share was $4.45.

What is the 52-week high and low for Huya Inc. Sponsored Adr Class A Stock?
The 52-week high for Huya Inc. Sponsored Adr Class A Stock is $4.90 and the 52-week low is $2.16.

What is the market capitalization of Huya Inc. Sponsored Adr Class A Stock?
As of the 2024-03-27, the market capitalization of Huya Inc. Sponsored Adr Class A is 1.056B.

When is the next earnings date for Huya Inc. Sponsored Adr Class A?
The upcoming earnings date for Huya Inc. Sponsored Adr Class A is May 21, 2024.
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About Huya Inc. Sponsored Adr Class A

Huya. Sponsored Adr Class A HUYA Inc., through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres. In addition, it operates Nimo TV, a game live streaming platform in international mar... HUYA Profile

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