Yandex NV (YNDX): Price Now Near $70.18; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for YNDX

Currently, YNDX (Get Ratings)’s price is down $-0.19 (-0.27%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

YNDX ranks 215th in terms of today’s price percentage change out of Business Services stocks.

YNDX’s Technical Outlook on the Daily Chart

Currently, YNDX’s price is down $-0.08 (-0.11%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as YNDX has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Of note is that the 100 day changed directions on YNDX; it is now pointing down. The moving averages on the daily 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. Yandex NV’s price action over the past 90 days can be seen via the chart below.


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