ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
USA - NYSE:BABA - US01609W1027 - ADR
160.8 USD
-5.09 (-3.07%)
161.5 USD
+0.7 (+0.44%)
We assign a technical rating of 8 out of 10 to BABA. In the last year, BABA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BABA has a been trading in the 160.16 - 182.50 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BABA did better than 93% of all other stocks. We also observe that the gains produced by BABA over the past year are nicely spread over this period.
BABA is part of the Broadline Retail industry. There are 30 other stocks in this industry. BABA outperforms 93% of them.
BABA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BABA is lagging the market slightly.
BABA has an average volume of 19067900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
Although BABA has an excellent technical rating, it does not present a decent entry opportunity 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
92.17
181.78
When analyzing the support we can see 6 important areas.
- A support zone ranging from 160.79 to 160.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @144.31 from a trend line in the daily time frame.
- Support @124.85 from a trend line in the weekly time frame.
- Support @110.16 from a trend line in the daily time frame.
- Support @107.73 from a horizontal line in the weekly time frame.
- Support @93.10 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 166.56 to 169.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 174.71 to 175.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @179.98 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 | DOWN | NEGATIVE | The short term trend for BABA is down. |
| ChartMill Relative Strength | 93.26 | POSITIVE | BABA has a high relative strength, it outperformed 93.26% 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) | UP | MIXED | The current price of BABA is below the rising 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) | 42.07 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.66 | NEGATIVE | The MACD value suggests BABA has a negative trend. |
| Stochastics (14,3) | 16.3 | OVERSOLD | The low Stochastics value suggests BABA may be oversold. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.62 | 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)
160.8
-5.09 (-3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-3.07%
1 Week-2.13%
2 Weeks-9.01%
1 Month-1.26%
3 Month32.61%
6 Month30.24%
12 Month81.51%
2 Year114.74%
3 Year83.65%
5 Year-38.94%
10 Year91.25%
15 YearN/A
Volatility
ATR(14)5.36
ATR(20)%3.56%
ATR Inc-9.56%
Range Today5.42
ADR(20)4.54
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.26
3 months CRS91.93
6 months CRS84.07
Mansfield1.68
10 Day High182.5
10 Day Low160.16
20 Day High182.5
20 Day Low160.16
52 Week High192.67
52 Week Low80.06
CS1 End160.79
CR1 Start166.56
Volume & EV
DER(3)-1.67%
DER(5)-0.82%
Volume11.31M
Volume Incr-35.71%
Vol(5)10.64M
Vol(50)19.07M
ALIBABA GROUP HOLDING-SP ADR / BABA FAQ
Can you provide the ChartMill technical rating for ALIBABA GROUP HOLDING-SP ADR?
ChartMill assigns a technical rating of 8 / 10 to BABA.
Can you provide the trend direction for ALIBABA GROUP HOLDING-SP ADR?
The current trend direction for ALIBABA GROUP HOLDING-SP ADR (BABA) is Bullish.
What is the RSI signal for ALIBABA GROUP HOLDING-SP ADR (BABA) stock?
ALIBABA GROUP HOLDING-SP ADR (BABA) has an RSI value of 42.0698. This indicates that the stock is currently neutral.
What is the short term momentum for BABA stock?
The short term momentum for ALIBABA GROUP HOLDING-SP ADR (BABA) is negative.
What is the buy/sell signal for BABA stock?
The buy/sell signal for ALIBABA GROUP HOLDING-SP ADR (BABA) is hold as the short term and long term trends are mixed.