ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BABA - US01609W1027 - ADR
Taking everything into account, BABA scores 5 out of 10 in our technical rating. 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.
Although the technical rating is only medium, BABA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 154.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 150.91, a Stop Loss order could be placed below this zone.
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94.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 146.57 to 150.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @132.91 from a trend line in the weekly time frame.
- Support @95.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 154.62 to 157.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for BABA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BABA is neutral. |
| ChartMill Relative Strength | 90.57 | POSITIVE | BABA has a high relative strength, it outperformed 90.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BABA is above 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 | POSITIVE | The current price of BABA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.41 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests BABA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.98 | NEUTRAL | The Stochastics value for BABA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.02 | NEGATIVE | The low ADX value for BABA suggests a weak or negative trend. |
150.96
-3.51 (-2.27%)
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 5 / 10 to BABA.
What is the trend direction for BABA stock?
The current trend direction for ALIBABA GROUP HOLDING-SP ADR (BABA) is Bearish.
What is the RSI signal for ALIBABA GROUP HOLDING-SP ADR (BABA) stock?
ALIBABA GROUP HOLDING-SP ADR (BABA) has an RSI value of 47.4096. 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 neutral.
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 150.91 and a resistance level at 154.62. Check the full technical report for our detailed analysis of BABA support and resistance levels.