ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BABA • US01609W1027
Overall BABA gets a technical rating of 7 out of 10. 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.
- When comparing the yearly performance of all stocks, we notice that BABA is one of the better performing stocks in the market, outperforming 84% of all stocks.
- BABA is part of the Broadline Retail industry. There are 30 other stocks in this industry. BABA outperforms 82% of them.
- BABA has an average volume of 11749300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- 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 148.52 - 181.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BABA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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95.64
When analyzing the support we can see 5 important areas.
- Support @155.34 from a trend line in the daily time frame.
- Support @149.78 from a horizontal line in the weekly time frame.
- Support @146.57 from a horizontal line in the daily time frame.
- Support @136.94 from a trend line in the weekly time frame.
- Support @96.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 173.24 to 179.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 84.55 | POSITIVE | BABA has a high relative strength, it outperformed 84.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BABA is below 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) | 48.57 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.69 | NEGATIVE | The MACD value suggests BABA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.6 | OVERSOLD | The low Stochastics value suggests BABA may be oversold. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for BABA suggests a possible start of a new trend. |
162.51
+4.75 (+3.01%)
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 7 / 10 to BABA.
What is the trend direction for BABA stock?
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 48.5709. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALIBABA GROUP HOLDING-SP ADR?
The short term momentum for ALIBABA GROUP HOLDING-SP ADR (BABA) is negative.
What are the support and resistance levels for ALIBABA GROUP HOLDING-SP ADR (BABA) stock?
ALIBABA GROUP HOLDING-SP ADR (BABA) has a support level at 155.34 and a resistance level at 173.24. Check the full technical report for our detailed analysis of BABA support and resistance levels.