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.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
The Aroon Indicator entered an Uptrend today. In of 168 cases where HUYA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for HUYA moved out of overbought territory on April 09, 2024. 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 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on April 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HUYA as a result. In of 91 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 April 11, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 April 05, 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.
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 slightly overvalued 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 (5.400). 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 (29.645).
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 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of live streaming platform
Industry MoviesEntertainment