RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of YY
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YY Inc (ADR) stock price up 1.65% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 1.65% PDF

The YY Inc (ADR) stock price gained 1.65% on the last trading day (Thursday, 28th Mar 2024), rising from $30.25 to $30.75. During the last trading day the stock fluctuated 2.73% from a day low at $30.37 to a day high of $31.20. The price has been going up and down for this period, and there has been a -3.51% 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, 77 thousand more shares were traded than the day before. In total, 640 thousand shares were bought and sold for approximately $19.68 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.63% during the next 3 months and, with a 90% probability hold a price between $28.10 and $36.87 at the end of this 3-month period.

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YY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 4.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The YY Inc (ADR) 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 $31.89. On a fall, the stock will find some support from the short-term average at $30.71. 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.

Support, Risk & Stop-loss for YY Inc (ADR) stock

YY Inc (ADR) finds support from accumulated volume at $30.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.83 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: $29.10 (-5.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (YY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect YY Inc (ADR) to open at $30.77, and during the day (based on 14 day Average True Range), to move between $29.50 and $32.00, which gives a possible trading interval of +/-$1.25 (+/-4.08%) up or down from last closing price. If YY Inc (ADR) takes out the full calculated possible swing range there will be an estimated 8.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $30.32 (1.40%) than the resistance at $31.50 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is YY Inc (ADR) stock A Buy?

YY Inc (ADR) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.596 Hold/Accumulate Unchanged

Predicted Opening Price for YY Inc (ADR) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$30.77 ( 0.0759%) $30.75

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

Trading levels for YY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.60 2.78 %
R2 31.29 1.74 %
R1 31.09 1.11 %
Current price: 30.75
Support S1 30.46 -0.96 %
S2 30.26 -1.59 %
S3 29.94 -2.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.88 10.18 %
R2 33.40 8.62 %
R1 31.50 2.44 %
Current price 30.75
Support S1 30.32 -1.40%
S2 30.25 -1.63%
S3 29.49 -4.10%

YY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 29, 2023 Sep 25, 2023 Oct 13, 2023 $0.200 0.493%
2 May 30, 2023 Jun 20, 2023 Jul 05, 2023 $0.510 1.59%
3 Mar 15, 2023 Apr 12, 2023 Apr 28, 2023 $0.510 1.68%
4 May 10, 2023 Dec 22, 2022 Jan 06, 2023 $0.510 1.34%
5 Aug 29, 2022 Sep 21, 2022 Oct 06, 2022 $0.510 1.75%

FAQ

What is the symbol for YY Inc (ADR) Stock and on which exchange is it traded?
The symbol for YY Inc (ADR) is YY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell YY Inc (ADR) Stock?
YY Inc (ADR) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy YY Inc (ADR) Stock?
YY Inc (ADR) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy YY Inc (ADR) Stock.

What's the current price of YY Inc (ADR) Stock?
As of the end of day on the 2024-03-28, the price of an YY Inc (ADR) (YY) share was $30.75.

What is the 52-week high and low for YY Inc (ADR) Stock?
The 52-week high for YY Inc (ADR) Stock is $43.20 and the 52-week low is $24.12.

What is the market capitalization of YY Inc (ADR) Stock?
As of the 2024-03-28, the market capitalization of YY Inc (ADR) is 1.841B.

When is the next earnings date for YY Inc (ADR)?
The upcoming earnings date for YY Inc (ADR) is Jun 04, 2024.
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About YY Inc (ADR)

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form... YY Profile

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