YALA stock price today is 15.99 USD with a volume of 2,844,390. At the same time, its chart fluctuates between 14.61 USD – 16.28 USD. YALA stock price was a maximum of 41.35 USD and a minimum of 6.26 USD within 52 weeks. It is ranked 2,31B in the MarketCap listings. The target point of YALA stock price at the end of 1 year is 30.00 USD.
Yalla Group Limited
The United Arab Emirates-based company was established in 2016. Yalla primarily owns an audio-centric social network and entertainment platform under the name Yalla in the Middle East and North Africa region. This platform both sells virtual items and offers upgrade services. In addition to these, group chat and game services are also provided.
The previous name of the company was FYXTech Corporation. It was later renewed as Yalla Group Limited. The company which is contributing to the technology industry, employs 374 full-time workers.
Should YALA Stock Be Purchased?
YALA stock price increased 8.08% on the last trading day and rose from $ 14.85 to $ 16.05. During the day, the stock rose from a minimum of $ 14.61 to a maximum of $ 16.28 with 11.43%. The price fell for 7 out of the last 10 days, and fell 22.05% during this period. With the price, which is a positive signal, there was an increase in the sales volume on the last day and 472 thousand more stocks were traded compared to the previous day. There are 3 million stocks sold in total with a value of $ 45.47 million.
The YALA stock is in the midst of a very large and falling trend when considering short-term deals. Being in such a trend means there is a possibility of further decline. Considering short-term trades at its location, the stock is expected to decline 20.46% in the next 3 months and likely to be somewhere between $ 9.88 and $ 18.59 as this 3-month period approaches the end.
YALA Stock Analysis
On May 25, 2021, a buy signal was released on the pivot channel and YALA stock rose 8.08% on top of that. Also, the increase in price and volume may continue until a new upper pivot signal is released. Parallel increase in price and volume is considered a good technical signal. Some negative signals have been issued as well as positive signals and these may have a small impact on near short-term development.
YALA stock holds fluctuating sell signals in both the short and long term and gives a negative forecast for the stock. The relationship between the two signals with long-term transactions above short-term transactions causes a general sell signal. With corrections, there may be some resistance near the $ 16.37 and $ 20.80 levels. If there is a break above these levels, it is possible to see signals for a buy. Finally, it has a sell signal from the 3-month Moving Average Convergence Divergence (MACD).
What Should We Do?
As we mentioned above, YALA stock is finding support at $ 15.96 from accumulated volume and an upward move is expected while testing this level. The forecasted opening price depends on the values between the high and low closing price of the previous day. All of these can provide a buying opportunity. YALA stock is very volatile during the day and is considered “high risk” according to the forecast from the Bollinger Band. On the last day, the stock fluctuated by 11.43%. Last week, this rate was 12.34%.
YALA stock has a few negative signals, and at the same time it is in a very large and falling trend, so it may still be a weak stock in the coming days. It has to be observed and expected a little more. Therefore, analysts evaluate YALA stock negatively.
This is not investment advice. You must do your own research and make your own decisions. We are not responsible for the problems that may arise from your investment.