Technical analysis of HUYA Inc. (HUYA) stock
Technical analysis of HUYA Inc. (HUYA) stock includes the study of technical indicators and past trends. For technical analysis of stock and trends here we employ the use of tools such as trading volumes, Simple Moving averages, RSI (14), and ATR (14) to determine the future behavior of a stock. Much of this practice involves discovering the overall trend line of a stock’s movement. Technical analysis of stocks and trends has been used by serious traders for decades. Although it does not guarantee success and is not 100% accurate, it is still one of the two key methods of analyzing stock prices, along with fundamental analysis.
Volume and Price
On Friday, June 01, Shares of HUYA Inc. (HUYA) were valued at $29.07 and moved 14.22% as of a recent closing trade. A total volume of 4.24 million shares were traded versus to average volume of 4.08 million shares. If you are going to be trading the stock, you want to ensure volume is healthy so you are not stuck in a position. Volumes indicate how many shares are bought and sold over a given period of time. The more active the share, higher would be its volume. Technical analysts believe that volume can serve as a warning signal as to whether a stock is on the verge of breaking into upside territory (high volume) or into a downside trend (low volume). Low volume of a security, even if it’s rising in price, can indicate a lack of conviction among investors. Conversely, high volume of a particular security can indicate that traders are placing their long-term confidence in the investment. Volume is incredibly important to traders. Without volume, it becomes more difficult to buy or sell securities when you want to, and at the price you want.
Simple Moving averages
Chart patterns can be difficult to read given the volatility in price movements of HUYA. Moving averages can help smooth out these erratic movements by removing day-to-day fluctuations and make trends easier to spot. Since they take the average of past price movements, moving averages are better for accurately reading past price movements rather than predicting future past movements. We have taken technical analysis of HUYA Inc. (HUYA)’s stock recent trading price and 3 moving average price of updated past trading days (20, 50 and 200). It shows a stock price recent trends and movement that can help investor and traders in trading. Moving average is popular technical tool and can be customized to any time frame, suiting both long term investors and short-term traders.
In terms of HUYA Inc. (HUYA) stock price comparison to its moving averages, shares of company are 37.86% away from the 50-day moving average and 37.86% away from 20-day average. If we take a long term observation, shares have been trading at a distance of 37.86% from the 200-day moving average. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading. There can be no complete understanding of moving averages without an understanding of trends. A trend is simply a price that is continuing to move in a certain direction. There are only three real trends that a security can follow: (1) An uptrend, or bullish trend, means that the price is moving higher. (2) A downtrend, or bearish trend, means the price is moving lower. . (3) A sideways trend, where the price is moving sideways. The important thing to remember about trends is that prices rarely move in a straight line. Therefore, moving-average lines are used to help a trader more easily identify the direction of the trend.
52 week High and Low
HUYA Inc. (HUYA) shares have been seen trading 6.87% off its 52 week- peak value and changed 90.62% from its 52 week-bottom price value. The “percentage off the 52-week high or low” refers to when a stock current price is relative to where it has traded over the last 52 weeks. This gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range.
HUYA Inc. (HUYA) held 189.58 million outstanding shares currently. The company have shares float of 12.00 million. Now have a look at past performance (weekly performance to year to date performance) how HUYA Inc. (HUYA) has been moved; whether it performed well or not. HUYA reported a change of 25.90% over the last week and its year to date (YTD) performance revealed an activity trend of 81.01%.