ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
NYSE:BABA - US01609W1027 - ADR
122.94 USD
+4.85 (+4.11%)
123.5 USD
+0.56 (+0.46%)
Overall BABA gets a technical rating of 7 out of 10. BABA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month BABA has a been trading in the 116.11 - 127.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BABA has an average volume of 12906300 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 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BABA is an average performer in the Broadline Retail industry, it outperforms 66% of 28 stocks in the same industry.
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.
Besides having an excellent technical rating, BABA also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 118.22, a Stop Loss order could be placed below this zone.
More info and screens
88.68
128.13
We found 5 important support areas.
- A support zone ranging from 116.56 to 118.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.76 from a trend line in the weekly time frame.
- Support @109.94 from a trend line in the daily time frame.
- A support zone ranging from 106.13 to 107.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.58 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @122.95 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 125.45 to 126.86. This zone is formed by a combination of multiple trend lines 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 | 82.41 | POSITIVE | BABA has a high relative strength, it outperformed 82.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BABA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BABA is above 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) | 56.2 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BABA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.53 | NEUTRAL | The Stochastics value for BABA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.42 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 122.96 | 117.50 | 5.46 (4.44%) | 22.52% |
| An entry @122.96. This is a Buy Stop order right above the resistance zone. | An exit @117.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.46 points, which is 4.44%. | For a 1.00% total portfolio risk, you can invest 22.52% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
122.94
+4.85 (+4.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg4.11%
1 Week1.39%
2 Weeks2.14%
1 Month2.42%
3 Month1.83%
6 Month-14.48%
12 Month43.94%
2 Year32.34%
3 Year28.85%
5 Year-57.17%
10 Year85.93%
15 YearN/A
Volatility
ATR(14)3.27
ATR(20)%2.72%
ATR Inc11.8%
Range Today3.12
ADR(20)2.7
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.41
Mansfield0.36
10 Day High127.93
10 Day Low117.51
20 Day High127.93
20 Day Low116.11
52 Week High148.43
52 Week Low79.21
CS1 End118.22
CR1 Start122.95
Volume & EV
DER(3)0.87%
DER(5)-0.15%
Volume13.86M
Volume Incr-23.15%
Vol(5)9.17M
Vol(50)12.91M