ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
NYSE:BABA - New York Stock Exchange, Inc. - US01609W1027 - ADR - Currency: USD
Overall BABA gets a technical rating of 2 out of 10. Although BABA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month BABA has a been trading in the 103.71 - 117.55 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BABA did better than 72% of all other stocks.
BABA has an average volume of 13378100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BABA is part of the Broadline Retail industry. There are 28 other stocks in this industry, BABA did better than 66% of them.
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.
BABA has a poor technical rating and the quality of the setup is also 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
86.94
123.10
3 important support areas can be observed.
- Support @106.71 from a horizontal line in the weekly time frame.
- Support @103.83 from a horizontal line in the daily time frame.
- Support @87.82 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 109.23 to 109.44. 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 121.19 to 121.88. 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 | NEUTRAL | NEUTRAL | The long term trend for BABA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BABA is down. |
| ChartMill Relative Strength | 72.9 | POSITIVE | BABA has a high relative strength, it outperformed 72.9% 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 | MIXED | The current price of BABA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.69 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests BABA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.7 | OVERSOLD | The low Stochastics value suggests BABA may be oversold. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.91 | 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)
106.72
+0.08 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.08%
1 Week-1.82%
2 Weeks-6.33%
1 Month-11.31%
3 Month-0.94%
6 Month32.52%
12 Month33.99%
2 Year4.46%
3 Year19.41%
5 Year-57.49%
10 Year36.23%
15 YearN/A
Volatility
ATR(14)2.7
ATR(20)%2.62%
ATR Inc-24.39%
Range Today1.12
ADR(20)1.9
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.9
Mansfield-0.43
10 Day High115.5
10 Day Low103.71
20 Day High117.55
20 Day Low103.71
52 Week High148.43
52 Week Low73.87
CS1 End106.71
CR1 Start109.23
Volume & EV
DER(3)-0.64%
DER(5)-0.97%
Volume10.77M
Volume Incr32.68%
Vol(5)15.54M
Vol(50)13.38M