Chinese gaming platform operator HUYA gets a bullish signal
HUYA Inc. (NYSE: HUYA) operates an internet gaming platform in China. The firm offers over 3,300 games and it is a subsidiary of YY Inc. The company has been doing well in recent years and the stock has been trending higher.
We see on the daily chart that the stock hit a low in early December and then jumped sharply higher before pulling back again. The interesting thing is that the lows from December and May connect nicely with the recent low. As the stock hit this trend line, the overbought/oversold indicators were hitting oversold territory and now the stock looks poised to bounce higher.
The 10-day RSI hit the 30 level and moved higher on July 23 while the stochastic readings are in oversold territory, but made a bullish crossover on the same day.
The Tickeron Trend Prediction Engine generated a bullish signal for HUYA on July 22. The signal showed a confidence level of 68% and it calls for a gain of at least 4% within the next month. Past predictions on the stock have been successful 85% of the time.
Looking at the company’s fundamentals we see that it has been able to grow sales by an average of 134% per year over the last three years. Earnings jumped by 80% in the most recent quarter and are expected to increase by 22% for 2019 as a whole.
HUYA in upward trend: price rose above 50-day moving average on January 16, 2025
HUYA moved above its 50-day moving average on January 16, 2025 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 15, 2025. You may want to consider a long position or call options on HUYA as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HUYA just turned positive on January 15, 2025. Looking at past instances where HUYA's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for HUYA crossed bullishly above the 50-day moving average on January 22, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HUYA advanced for three days, in of 271 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for HUYA moved out of overbought territory on January 27, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where HUYA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
HUYA broke above its upper Bollinger Band on January 24, 2025. 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.
The Aroon Indicator for HUYA entered a downward trend on January 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HUYA’s price grows at a higher 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 (5.707). P/E Ratio (23.041) is within average values for comparable stocks, (92.419). Projected Growth (PEG Ratio) (1.055) is also within normal values, averaging (2.987). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (1.072) is also within normal values, averaging (30.155).
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 85, placing this stock worse than average.
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General Information
a developer of live streaming platform
Industry MoviesEntertainment