ALIBABA GROUP HOLDING-SP ADR (BABA) Technical Analysis
NYSE:BABA • US01609W1027
Current stock price
BABA Technical Rating and Analysis
Taking everything into account, BABA scores 2 out of 10 in our technical rating. In the past year, BABA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, BABA is a bad performer in the overall market: 76% of all stocks are doing better.
- In the last month BABA has a been trading in the 117.93 - 143.78 range, which is quite wide. It is currently trading near the high of this range.
- BABA has an average volume of 10830700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- BABA is an average performer in the Broadline Retail industry, it outperforms 48% of 30 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.
BABA Weekly and Daily overview Charts
BABA Setup Rating and Analysis
The technical rating of BABA is bad and it also does not present a quality setup 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
BABA Support and Resistance Analysis
115.87
When analyzing the support we can see 4 important areas.
- Support @124.00 from a trend line in the weekly time frame.
- Support @122.04 from a horizontal line in the weekly time frame.
- Support @119.71 from a horizontal line in the daily time frame.
- Support @117.04 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 141.02 to 141.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @161.21 from a trend line in the weekly time frame.
- Resistance @167.42 from a trend line in the daily time frame.
- Resistance @179.97 from a horizontal line in the daily time frame.
BABA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for BABA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BABA is up. |
| ChartMill Relative Strength | 24.16 | NEGATIVE | BABA has a low relative strength, it was outperformed by 75.84% 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) | 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) | 54.08 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.39 | POSITIVE | The MACD value suggests BABA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.94 | OVERBOUGHT | The high Stochastics value suggests BABA may be overbought. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.23 | NEUTRAL | The ADX value for BABA suggests a possible start of a new trend. |
BABA Chart- and CandleStick Pattern Analysis
BABA Technicals: Chart, Performance Metrics, Trend & Indicators
135.38
-4.79 (-3.42%)
ALIBABA GROUP HOLDING-SP ADR / BABA TA FAQ
Can you provide the ChartMill technical rating for ALIBABA GROUP HOLDING-SP ADR?
ChartMill assigns a technical rating of 2 / 10 to BABA.
What is the trend direction for BABA stock?
The current trend direction for ALIBABA GROUP HOLDING-SP ADR (BABA) is Bearish.
Can you provide the RSI signal for ALIBABA GROUP HOLDING-SP ADR?
ALIBABA GROUP HOLDING-SP ADR (BABA) has an RSI value of 54.0804. This indicates that the stock is currently neutral.
What is the buy/sell signal for BABA stock?
The buy/sell signal for ALIBABA GROUP HOLDING-SP ADR (BABA) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for ALIBABA GROUP HOLDING-SP ADR?
ALIBABA GROUP HOLDING-SP ADR (BABA) has a support level at 124 and a resistance level at 141.02. Check the full technical report for our detailed analysis of BABA support and resistance levels.