- HUYA Inc. to Release its Third Quarter 2023 Financial Results on November 14, 2023 on Tuesday.
- HUYA was launched on November 24, 2014, which means 8 years ago from today’s press time. Rongjie Dong was the founder of HUYA Inc. The market cap of HUYA Inc is $772.611 million.
Huya Live is a Chinese video live-streaming service. The website, which also goes by the name Nimo TV, is one of the biggest of its kind in China. The website primarily focuses on video game live streaming and offers official broadcasts of esports competitions, much like other streaming services like Loco. Huya also offers live streams for a number of other genres, such as cooking, conventional sports, and “real-life” streams.
Technical Interpretation of HUYA DR
The patterns give us an indication that the bull’s presence was seen strongly. The green candle near the current market price implies that the stock might continue to move upward in the nearby trading days.
We should wait till the next candle formation to predict whether the forecast was correct or incorrect. Bearish market sentiment is currently appearing in the HUYA DR as per the prediction made by experts.
In the past, it was dominated by bulls. According to the opinion of experts, the dr (depositary recipients) might fall in the upcoming trading session.
Daily Technical Index of HUYA DR
The RSI line is below the 50 level; it is around 59.64 which indicates neutrality. The 100-day EMA indicates buying action at the $3.01 price level. Its 200-day EMA implies selling at the $3.30 price level. The 100-Day SMA provides buying at a $3.03 market price. Its 200-Day SMA shows selling action at $3.55.
HUYA DR’s financial analysis
The company released its 2023 financial report on April 26, 2023. The company’s net loss for 2022 was $72.27 million, according to the statistics. The company’s operating loss in 2022 was $129.61 million.
In 2022, the company projected generating $1.37 billion in total revenue. In 2022, its gross profit amounted to $90.72 million. The company’s financial statements did not look good in 2022.
Live Chart of HUYA DR
Conclusion
According to the analysis, the DR’s upward momentum makes it suitable for short-term holding near the current market price. According to experts, there is a high likelihood of a decline of 5.99% by 30 October 2023. The DR in the 1-Month is up by 16%. Over the history of HUYA DR is down by 79%. Year to date it is down by 20%. The HUYA DR in the last 6 months is up by 4.90%. In the 5-D analysis, the HUYA DR was down by 1.83%.
Technical Levels
- Support level- $2.47 and $2.91
- Resistance level- $4.42 and $6.13
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.