Huya Inc. Sponsored Adr Class A Stock Forecast
Huya Inc. Sponsored Adr Class A stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
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
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | $0.660 | 14.83% |
FAQ
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