- Volatility is at a recent 2 week low. A recent low volatility of stock movement within a box range could trigger break through when activities pick up.
- A moving average of short volume ratio is at a recent 2 week low. A lower short volume ratio could be a bullish signal.
- RSI is at a high level of 73. A high level of RSI indicates the stock is overbought.
- MACD is crossing MACD signal line at 0.4. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
In this article we talked about Cathie Wood’s recent comments about money supply, inflation, interest rates, bitcoin and present Wood’s top 10 small-cap stock picks. Click to skip ahead our lengthy discussion and see Cathie Wood’s Top 5 Small-Cap Stock Picks. “The year has certainly started off in a wild way.” ARK Investment Management’s CEO, […]
Shares of DouYu International Holdings (NASDAQ: DOYU) fell 16.6% in December, according to data provided by S&P Global Market Intelligence, as the Chinese live-streaming gaming company came under scrutiny by regulators. DouYu was on a yearlong tear in 2020 as rumors of a tie-up with rival game-streamer HUYA (NYSE: HUYA) swirled, and Chinese digital conglomerate Tencent Holdings (OTC: TCEHY) offered to mediate a merger of the two. Tencent is a majority owner of HUYA and has a significant stake ...
Imagine buying Amazon or Netflix before they reshaped their respective industries. Over the last decade alone, Amazon stock has climbed roughly 1,700% and Netflix has risen nearly 1,900%. Upwork (NASDAQ: UPWK) provides a technology platform that connects freelance workers with clients looking to hire for various jobs.
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing […]
(Bloomberg) -- China’s regulators said they are reviewing Huya Inc.’s proposal to acquire game-streaming rival DouYu International Holdings Ltd., part of a crackdown on anti-competitive behavior in the country’s technology industry that throws the $6 billion transaction into question.Guangzhou-based Huya offered to buy its domestic competitor in October, proposing an all-stock transaction that would have created a combined business valued at about $11 billion at the time. Internet giant Tencent ...
Huya (NYSE: HUYA) and rival DouYu International (NASDAQ: DOYU) dominate Chinese live-streaming, owning 80% of the game steaming market between them. No one will fare better than Tencent (OTC: TCEHY), as it owns a stake in both companies and will have a 67.5% voting interest in the new company after joining in the union. The merged successor company of Huya and DouYu would have over 300 million monthly active users. It also fined China Literature, a Tencent spinoff, for not reporting its 2018 a...
China's market regulators have initiated an investigation into the merger of Tencent Holdings ADR (OTC: TCEHY)-backed live streaming platform Douyu International Holdings Ltd (NASDAQ: DOYU) and video game publisher and live streamer Huya Inc ADR (NYSE: HUYA), Reuters reports.What Happened: The Huya-Douyu merger deal announced in October, an all-stock deal, was initiated after Tencent had pushed both companies into re-organization. The deal also received written consent from Joyy Inc (NASDAQ: YY)...
Huya belongs to Tencent (OTC: TCEHY), which bought out JOYY's (NASDAQ: YY) stake in the company earlier this year. Tencent also owns a stake in Huya's top rival, Douyu (NASDAQ: DOYU), and it's currently in the process of merging the two companies under Huya's banner.