YIELDMAX BABA OPT INC ST ETF (BABO) Stock Technical Analysis
NYSEARCA:BABO - NYSE Arca - US88636R1077 - ETF - Currency: USD
Taking everything into account, BABO scores 1 out of 10 in our technical rating. BABO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BABO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.16
We found 1 important support area.
- A support zone ranging from 15.31 to 15.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.51 to 15.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.41 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 | NEUTRAL | NEUTRAL | The short term trend for BABO is neutral. |
| ChartMill Relative Strength | 12.42 | NEGATIVE | BABO has a low relative strength, it was outperformed by 87.58% 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) | 53.57 | NEUTRAL | The RSI value for BABO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BABO has a positive trend. |
| Stochastics (14,3) | 70.53 | NEUTRAL | The Stochastics value for BABO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for BABO suggests some volalility. |
| Average Directional Index/ADX (14) | 9.85 | NEGATIVE | The low ADX value for BABO suggests a weak or negative trend. |
15.5
+0.01 (+0.08%)