Home / Daily News / Yiren Digital Ltd. (NYSE:YRD) Stock Under The Trend-line Looks for a Reversal

 

Yiren Digital Ltd. (NYSE:YRD) shares have experienced a recent steady downtrend, causing some concern for shareholders.

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As investors gear up for the stretch run towards the end of the year, the focus will be on which way stock market momentum seems to be shifting. Investors may be taking note of various economic reports and keeping a close eye on global political news. There are many factors that can affect the price of a stock. Tracking the markets from different angles may help to put together the bigger investing picture. Investors may be wondering if they have missed the boat as stocks have cooled off a bit recently. It may be wise to remember that there are always plenty of market opportunities to take advantage of. Diving into the fray may not be necessary until all the boxes are ticked off on the investor’s checklist.  

In order to gauge which way a stock is trending, you must compare a stock’s share price to its moving average.  Uptrending stocks trade above their moving averages, while downtrending stocks trade below.

Moving Average 

It is important to consider the moving averages of a downtrending security.  We see here that Yiren Digital Ltd. (NYSE:YRD) is -20.33% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -28.46% from current levels. 

Further back, their 200-Day Simple Moving Average is -59.31% difference from today’s price.  Currently, the stock is -46.40% from its 50-Day High and -2.78% from the 50-day low. 

RSI and Recommendations

Yiren Digital Ltd.’s RSI is 23.13.  Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 6.34% and month of 6.11%.  

Wall Street analysts have a consensus 3.40 recommendation on the stock.  

Often times, investors may become worried when the stock market is highly volatile. Being prepared for volatile situations can help ease the fears that come along with turbulence. Following a well-crafted plan might help ride out the ups and downs that are a normal part of dealing with the market. Investors should be prepared for market situations that provide ample opportunities. Although market downturns can be unsettling and cause panic, investors who are able to stay the course and keep calm may be able to spot good buying opportunities when the wider market is selling. 

Yiren Digital Ltd. (NYSE:YRD)’s performance this year to date is -57.02%.  The stock has performed -8.88% over the last seven days, -29.14% over the last thirty, and -51.82% over the last three months.  Over the last six months, Yiren Digital Ltd.’s stock has been -68.76% and -72.24% for the year.

 
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