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Yandex N.V. (YNDX)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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70.35+2.27 (+3.33%)
At close: 4:00PM EST
70.00 -0.35 (-0.50%)
After hours: 4:48PM EST
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8:44 AM ET (Benzinga)
Yandex: Candidate For Nasdaq-100
Nov. 27, 2020 11:26 AM ET|1 comment | About: Yandex N.V. (YNDX)
The current technical condition for YNDX is strong and the chart pattern suggests that upward momentum should continue. The stock has outperformed the market over the last 50 trading days when compared to the S&P 500. The MACD-LT is confirming that the intermediate-term trend is bullish. YNDX's chart formation indicates a strong rising trend. Upside momentum, as measured by the 9-day RSI indicator is very strong. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50 trading sessions, there has been more volume on up days than on down days, indicating that YNDX is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average. This validates the strong technical condition for YNDX. The stock is above its 200-day moving average which is pointed up indicating that the intermediate term trend is bullish.