Taking everything into account, BABO scores 2 out of 10 in our technical rating. In the past year, BABO 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.
- 82% of all other stocks performed better in the past year than BABO.
- BABO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BABO has a been trading in the 12.97 - 14.82 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
The technical rating of BABO 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
13.04
When analyzing the support we notice one important area.
- A support zone ranging from 13.17 to 13.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @14.66 from a horizontal line in the daily time frame.
- Resistance @17.77 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 | DOWN | NEGATIVE | The long term trend for BABO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BABO is up. |
| ChartMill Relative Strength | 18.56 | NEGATIVE | BABO has a low relative strength, it was outperformed by 81.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BABO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BABO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BABO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.67 | NEUTRAL | The RSI value for BABO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BABO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.98 | OVERBOUGHT | The high Stochastics value suggests BABO may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BABO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.97 | POSITIVE | The high ADX value value for BABO suggests a strong trend. |
14.22
-0.43 (-2.94%)
YIELDMAX BABA OPT INC ST ETF / BABO FAQ
Can you provide the ChartMill technical rating for YIELDMAX BABA OPT INC ST ETF?
ChartMill assigns a technical rating of 2 / 10 to BABO.
What is the trend direction for BABO stock?
The current trend direction for YIELDMAX BABA OPT INC ST ETF (BABO) is Bearish.
Can you provide the RSI signal for YIELDMAX BABA OPT INC ST ETF?
YIELDMAX BABA OPT INC ST ETF (BABO) has an RSI value of 53.6736. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for YIELDMAX BABA OPT INC ST ETF?
The buy/sell signal for YIELDMAX BABA OPT INC ST ETF (BABO) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for YIELDMAX BABA OPT INC ST ETF?
YIELDMAX BABA OPT INC ST ETF (BABO) has a support level at 13.32 and a resistance level at 14.66. Check the full technical report for our detailed analysis of BABO support and resistance levels.