ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
NYSE:BABA - New York Stock Exchange, Inc. - US01609W1027 - ADR - Currency: USD
Taking everything into account, BABA scores 4 out of 10 in our technical rating. In the last year, BABA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BABA is one of the better performing stocks in the Broadline Retail industry, it outperforms 75% of 30 stocks in the same industry.
BABA has an average volume of 20115700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BABA did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BABA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BABA is lagging the market.
In the last month BABA has a been trading in the 111.60 - 126.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BABA has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
85.78
135.39
We found 4 important support areas.
- Support @113.50 from a trend line in the daily time frame.
- Support @107.73 from a horizontal line in the weekly time frame.
- Support @99.37 from a horizontal line in the daily time frame.
- Support @86.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 117.46 to 119.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 125.76 to 127.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @134.05 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BABA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BABA is neutral. |
| ChartMill Relative Strength | 84.86 | POSITIVE | BABA has a high relative strength, it outperformed 84.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BABA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BABA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BABA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.07 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BABA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.34 | NEUTRAL | The Stochastics value for BABA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for BABA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
116.62
-3.71 (-3.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-3.08%
1 Week-2.78%
2 Weeks-0.48%
1 Month-13%
3 Month-17.35%
6 Month32.79%
12 Month58.99%
2 Year39.92%
3 Year2.59%
5 Year-45.93%
10 Year41.75%
15 YearN/A
Volatility
ATR(14)2.89
ATR(20)%2.84%
ATR Inc41.28%
Range Today1.6
ADR(20)2.26
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.86
Mansfield1
10 Day High123.46
10 Day Low111.6
20 Day High126.32
20 Day Low111.6
52 Week High148.43
52 Week Low71.8
CS1 End113.5
CR1 Start117.46
Volume & EV
DER(3)-1.38%
DER(5)-0.71%
Volume10.20M
Volume Incr-31.82%
Vol(5)9.94M
Vol(50)20.12M