The Hourly View for TUYA
Currently, TUYA (Get Ratings)’s price is up $0.2 (1.03%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as TUYA has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 100 hour changed directions on TUYA; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
TUYA ranks 314th in terms of today’s price percentage change out of Business Services stocks.
TUYA’s Technical Outlook on the Daily Chart
Currently, TUYA’s price is down $-0.85 (-4.14%) from the day prior. This is the 2nd day in a row TUYA has seen its price head down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Tuya Inc’s price action over the past 90 days can be seen via the chart below.
TUYA: Daily RSI Analysis
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