ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
USA - NYSE:BABA - US01609W1027 - ADR
158.04 USD
+2.98 (+1.92%)
158.54 USD
+0.5 (+0.32%)
Taking everything into account, BABA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BABA is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BABA did better than 92% of all other stocks.
BABA is one of the better performing stocks in the Broadline Retail industry, it outperforms 81% of 28 stocks in the same industry.
BABA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BABA has a been trading in the 117.51 - 159.70 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BABA has an average volume of 17371700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
89.84
159.62
When analyzing the support we can see 5 important areas.
- A support zone ranging from 123.78 to 125.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 116.79 to 117.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @112.81 from a trend line in the daily time frame.
- Support @107.73 from a horizontal line in the weekly time frame.
- Support @90.75 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for BABA is up. |
| ChartMill Relative Strength | 92.93 | POSITIVE | BABA has a high relative strength, it outperformed 92.93% 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) | 74.25 | OVERBOUGHT | The high RSI value suggests BABA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.72 | POSITIVE | The MACD value suggests BABA has a positive trend. |
| Stochastics (14,3) | 95.97 | OVERBOUGHT | The high Stochastics value suggests BABA may be overbought. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.12 | POSITIVE | The high ADX value value for BABA suggests a strong 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)
158.04
+2.98 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.92%
1 Week11.93%
2 Weeks17.07%
1 Month30.33%
3 Month39.85%
6 Month16.95%
12 Month79%
2 Year82.2%
3 Year97.57%
5 Year-46.24%
10 Year168%
15 YearN/A
Volatility
ATR(14)6.03
ATR(20)%3.24%
ATR Inc-34.21%
Range Today2.97
ADR(20)3.49
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.93
Mansfield2.62
10 Day High159.7
10 Day Low130.06
20 Day High159.7
20 Day Low117.51
52 Week High159.7
52 Week Low80.06
CS1 End125.45
CR1 StartN/A
Volume & EV
DER(3)0.47%
DER(5)0.28%
Volume23.57M
Volume Incr60.61%
Vol(5)29.69M
Vol(50)17.37M