Yatsen Holding Ltd (YSG): Price Now Near $6.52; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for YSG

At the moment, YSG (Get Ratings)’s price is up $0.14 (2.19%) from the hour prior. YSG has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

YSG ranks 18th in terms of today’s price percentage change out of Consumer Goods stocks.

YSG’s Technical Outlook on the Daily Chart

At the moment, YSG’s price is up $0.25 (4.03%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists 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. Yatsen Holding Ltd’s price action over the past 90 days can be seen via the chart below.