HELLO GROUP INC. ADS - Daily - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 20.58 USD
My targets
23.34 USD (+6.58%)
25.97 USD (+18.60%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on MOMO INC. ADS as long as the price remains well above 20.58 USD. The buyers” bullish objective is set at 23.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.97 USD. If there is any crossing, the next objective would be the resistance located at 30.98 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MOMO INC. ADS price is 21.90 USD. On the day, this instrument gained +7.51% and was between 20.51 USD and 22.05 USD. This implies that the price is at +6.78% from its lowest and at -0.68% from its highest.20.51
22.05
21.90
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MOMO INC. ADS:
Technical
A technical analysis in Daily of this MOMO INC. ADS chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.91 | 20.58 | 21.90 | 23.34 | 30.98 | 35.95 |
| Change (%) | -22.79% | -6.03% | - | +6.58% | +41.46% | +64.16% |
| Change | -4.99 | -1.32 | - | +1.44 | +9.08 | +14.05 |
| Level | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.35 | 19.56 | 19.97 | 20.18 | 20.59 | 20.80 | 21.21 |
| Camarilla | 20.20 | 20.26 | 20.31 | 20.37 | 20.43 | 20.48 | 20.54 |
| Woodie | 19.44 | 19.61 | 20.06 | 20.23 | 20.68 | 20.85 | 21.30 |
| Fibonacci | 19.56 | 19.80 | 19.95 | 20.18 | 20.42 | 20.57 | 20.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.90 | 18.75 | 19.23 | 20.08 | 20.56 | 21.41 | 21.89 |
| Camarilla | 19.34 | 19.47 | 19.59 | 19.71 | 19.83 | 19.95 | 20.08 |
| Woodie | 17.72 | 18.66 | 19.05 | 19.99 | 20.38 | 21.32 | 21.71 |
| Fibonacci | 18.75 | 19.26 | 19.57 | 20.08 | 20.59 | 20.90 | 21.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.72 | 14.48 | 16.47 | 19.23 | 21.22 | 23.98 | 25.97 |
| Camarilla | 17.16 | 17.60 | 18.04 | 18.47 | 18.91 | 19.34 | 19.78 |
| Woodie | 11.35 | 14.29 | 16.10 | 19.04 | 20.85 | 23.79 | 25.60 |
| Fibonacci | 14.48 | 16.29 | 17.41 | 19.23 | 21.04 | 22.16 | 23.98 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.78 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 17.36 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 20.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.71 | |
| Elder Ray (13): | 0.89 | |
| Super Trend (3,10): | 18.58 | |
| Zig ZAG (10): | 21.25 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 81.12 | |
| TEMA (21): | 20.74 | |
| Williams %R (14): | -1.49 | |
| Chande Momentum Oscillator (20): | 2.81 | |
| Repulse (5,40,3): | 5.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 25.02 |
| MA7: | 20.52 | |
| MA20: | 19.27 | |
| MA50: | 19.25 | |
| MA100: | 20.49 | |
| MAexp7: | 20.50 | |
| MAexp20: | 19.77 | |
| MAexp50: | 19.80 | |
| MAexp100: | 21.36 | |
| Price / MA7: | +6.73% | |
| Price / MA20: | +13.65% | |
| Price / MA50: | +13.77% | |
| Price / MA100: | +6.88% | |
| Price / MAexp7: | +6.83% | |
| Price / MAexp20: | +10.77% | |
| Price / MAexp50: | +10.61% | |
| Price / MAexp100: | +2.53% |
Quotes :
2020-08-18 14:47:43
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MOMO INC. ADS at the time of the generation of this analysis was as follows:
- Momo Announces Unaudited Financial Results for the Third Quarter of 2019
- Momo to Report Third Quarter 2019 Results on November 26, 2019
- Momo Announces Unaudited Financial Results for the Second Quarter of 2019
- Momo to Report Second Quarter 2019 Results on August 27, 2019
- Hagens Berman Reminds Momo Inc. (MOMO) Investors of Lead Plaintiff Deadline, Encourages Investors Who Suffered $50,000+ Losses to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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