ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
USA - NYSE:BABA - US01609W1027 - ADR
167.69 USD
-2.74 (-1.61%)
167 USD
-0.69 (-0.41%)
Overall BABA gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that BABA is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, BABA also shows a nice and consistent pattern of rising prices.
BABA is part of the Broadline Retail industry. There are 30 other stocks in this industry. BABA outperforms 96% 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 21284100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BABA has a been trading in the 157.25 - 188.66 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 excellent technical rating, but the quality of the setup is only medium 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
91.87
180.27
6 important support areas can be observed.
- A support zone ranging from 157.63 to 159.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @141.55 from a trend line in the daily time frame.
- Support @123.84 from a trend line in the weekly time frame.
- Support @109.73 from a trend line in the daily time frame.
- Support @107.73 from a horizontal line in the weekly time frame.
- Support @92.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @178.49 from a trend 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 | 93.64 | POSITIVE | BABA has a high relative strength, it outperformed 93.64% 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 | 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) | 48.16 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.04 | NEGATIVE | The MACD value suggests BABA has a negative trend. |
| Stochastics (14,3) | 46.3 | NEUTRAL | The Stochastics value for BABA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | 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 |
|---|---|---|---|
| 172.74 | 163.57 | 9.17 (5.31%) | 18.83% |
| An entry @172.74. This is a Buy Stop order right above the 10 day moving average. | An exit @163.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.17 points, which is 5.31%. | When investing 18.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
167.69
-2.74 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-1.61%
1 Week-6.55%
2 Weeks-3.33%
1 Month-10.43%
3 Month39.32%
6 Month33.8%
12 Month78.03%
2 Year123.95%
3 Year91.51%
5 Year-36.33%
10 Year99.44%
15 YearN/A
Volatility
ATR(14)5.96
ATR(20)%4.12%
ATR Inc-16.48%
Range Today3.36
ADR(20)5.44
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.64
3 months CRS92.42
6 months CRS82.69
Mansfield2.27
10 Day High182.5
10 Day Low163.58
20 Day High188.66
20 Day Low157.25
52 Week High192.67
52 Week Low80.06
CS1 End159
CR1 Start178.49
Volume & EV
DER(3)-1.03%
DER(5)-0.89%
Volume9.70M
Volume Incr-36.51%
Vol(5)11.52M
Vol(50)21.28M
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 9 / 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 48.1609. 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 neutral.