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 6 out of 10. In the last year, BABA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BABA has a been trading in the 117.29 - 134.51 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
BABA is one of the better performing stocks in the Broadline Retail industry, it outperforms 76% of 31 stocks in the same industry.
BABA has an average volume of 21737300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BABA is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BABA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BABA is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BABA has an average technical rating and also 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
78.82
135.40
We found 4 important support areas.
- A support zone ranging from 120.28 to 121.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 107.73 to 109.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @85.77 from a trend line in the weekly time frame.
- Support @79.62 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 124.24 to 126.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 132.07 to 134.06. 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 | 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 | 87.86 | POSITIVE | BABA has a high relative strength, it outperformed 87.86% 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) | DOWN | NEGATIVE | The current price of BABA is below a declining 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) | 47.08 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests BABA has a negative trend. |
| Stochastics (14,3) | 24.41 | NEUTRAL | The Stochastics value for BABA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.32 | 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)
121.48
-2.11 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-1.71%
1 Week-1.95%
2 Weeks-3.43%
1 Month1.84%
3 Month-15.49%
6 Month46.13%
12 Month49.5%
2 Year52.71%
3 Year26.48%
5 Year-41.42%
10 Year36.01%
15 YearN/A
Volatility
ATR(14)4.06
ATR(20)%3.07%
ATR Inc-29.31%
Range Today1.25
ADR(20)2.38
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.86
Mansfield2.07
10 Day High134.51
10 Day Low120
20 Day High134.51
20 Day Low117.29
52 Week High148.43
52 Week Low71.8
CS1 End121.47
CR1 Start124.24
Volume & EV
DER(3)-0.97%
DER(5)0.14%
Volume7.82M
Volume Incr-25.9%
Vol(5)11.88M
Vol(50)21.74M