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Vitalii Liubimov's Avatar
published in Blogs
Dec 24, 2020

Bearish Signal Generated on HUYA With 88% Confidence Level

The packaged software industry has performed extremely well in recent weeks and that has caused a number of the stocks to hit overbought territory on their daily charts. A number of the stocks have gained 15% or more in the past month while the S&P 500 is only up 3.7%.

One software company that has lagged the others and lagged the market is HUYA Inc. (HUYA). The stock has risen in the last few weeks and the daily stochastic indicators reached overbought territory in the last few days. HUYA dropped on December 22 and that caused a bearish crossover in the stochastic indicators.

Tickeron’s A.I.dvisor generated a bearish signal on December 22 as well. That signal shows a confidence level of 88% that the stock will move lower by at least 4% within the next month.

When we look at the daily chart we see that the stock hit resistance at its 50-day moving average. We also see that a downwardly sloped trend channel has formed on the chart over the last three months. The upper rail of the channel is just below the 50-day at this time.

If we look at the Tickeron screener, the Chinese gaming platform has one bullish indicator, three bearish indicators, and two neutral indicators. The Outlook Rating is a 7 and that is the one bullish signal. The Profit vs. Risk Rating is a 100 and that is the worst possible rating a company can get. The P/E Growth Rating is a 92 and the SMR Rating is an 83 and those are the other two bearish indicators.

Looking at the SMR Rating in particular, the sales growth has been above average, but the profit margin and return on equity are below average and that drags the overall rating down.

The full breakdown of how HUYA stacks up against other stocks and which indicators have generated signals from Tickeron’s AI platform follows.

Related Ticker: HUYA

HUYA in downward trend: price dove below 50-day moving average on June 07, 2024

HUYA moved below its 50-day moving average on June 07, 2024 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HUYA as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for HUYA turned negative on May 29, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for HUYA crossed bearishly below the 50-day moving average on June 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HUYA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HUYA broke above its upper Bollinger Band on May 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HUYA's RSI Indicator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where HUYA advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 164 cases where HUYA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HUYA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.686) is normal, around the industry mean (5.659). P/E Ratio (23.041) is within average values for comparable stocks, (87.119). Projected Growth (PEG Ratio) (1.055) is also within normal values, averaging (2.822). HUYA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (1.072) is also within normal values, averaging (28.859).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HUYA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

Notable companies

The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), AMC Entertainment Holdings (NYSE:AMC).

Industry description

Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.

Market Cap

The average market capitalization across the Movies/Entertainment Industry is 9.22B. The market cap for tickers in the group ranges from 134 to 262.83B. NFLX holds the highest valuation in this group at 262.83B. The lowest valued company is LRDG at 134.

High and low price notable news

The average weekly price growth across all stocks in the Movies/Entertainment Industry was 42%. For the same Industry, the average monthly price growth was 17%, and the average quarterly price growth was 17%. LDSN experienced the highest price growth at 3,947%, while CJREF experienced the biggest fall at -57%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -15%. For the same stocks of the Industry, the average monthly volume growth was -52% and the average quarterly volume growth was -5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 59
Price Growth Rating: 53
SMR Rating: 83
Profit Risk Rating: 87
Seasonality Score: -1 (-100 ... +100)
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A.I.Advisor
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General Information

a developer of live streaming platform

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
Packaged Software
Address
280 Hanxi Road
Phone
+86 2022907888
Employees
1521
Web
https://www.huya.com
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