YNDX Rally Isn't Losing Steam Any Time Soon

The stock has more than doubled in the past nine months

Digital Content Manager
Jan 4, 2021 at 3:50 PM
facebook X logo linkedin

Russian tech name Yandex NV (NASDAQ:YNDX) had quite the year in 2020. The security roared up the charts following its mid-March dip, quickly surmounting even its pre-pandemic levels to peak just below the $70 region in September. And while the equity saw a brief pullback later later in the fall, its 110-day moving average acted as a springboard, launching YNDX to a Dec. 17 record high of $72.40. Shares have slipped back below these levels in recent weeks, last seen up 0.3% at $69.64, but a bullish signal could indicate even more upside for Yandex stock in the coming weeks.

According to data from Schaeffer's Senior Quantitative Analyst Rocky White, YNDX's recent highs come amid historically low implied volatility. This combination has boded well for the security in the past -- there have been four other instances in the past five years when it was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) stood in the 20th percentile of its 12-month range or lower. This is certainly the case now, as YNDX sports an SVI of 35.6%, which is higher than just 10.7% of readings from the past year. 

YNDX Jan 4

A closer look at White's study shows that, after each of these bullish signals, YNDX was higher one month later, averaging a return of 6.1%. This could mean brand new all-time highs for the equity, as a move of similar magnitude would put it just atop the $74 mark. 

The equity is overdue for a round of upgrades and/or price-target hikes, too, especially considering Yandex stock's 105.9% nine-month lead. Currently, the 12-month consensus price target of $67.82 represents a 2.8 discount to current levels, while three of five analysts in coverage consider YNDX a "hold." 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI