ISHRS AI IN AND TECH ACT ETF (BAI) Stock Technical Analysis
NYSEARCA:BAI • US09290C7801
Taking everything into account, BAI scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that BAI is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, BAI also shows a nice and consistent pattern of rising prices.
- BAI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BAI is lagging the market slightly.
- In the last month BAI has a been trading in the 31.93 - 36.19 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- BAI has an average volume of 1508030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BAI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.84, a Stop Loss order could be placed below this zone.
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31.25
3 important support areas can be observed.
- A support zone ranging from 34.26 to 34.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.94 to 33.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 31.57 to 31.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.54 to 35.80. 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 BAI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAI is neutral. |
| ChartMill Relative Strength | 77.67 | POSITIVE | BAI has a high relative strength, it outperformed 77.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BAI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.88 | NEUTRAL | The RSI value for BAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BAI has a positive trend. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests BAI may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BAI suggests some volalility. |
| Average Directional Index/ADX (14) | 9.75 | NEGATIVE | The low ADX value for BAI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.81 | 34.25 | 1.56 (4.36%) | 22.96% |
| An entry @35.81. This is a Buy Stop order right above the resistance zone. | An exit @34.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.56 points, which is 4.36%. | When investing 22.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BAI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.26
+0.65 (+1.88%)
ISHRS AI IN AND TECH ACT ETF / BAI FAQ
Can you provide the ChartMill technical rating for ISHRS AI IN AND TECH ACT ETF?
ChartMill assigns a technical rating of 7 / 10 to BAI.
What is the current trend direction of ISHRS AI IN AND TECH ACT ETF (BAI) stock?
The current trend direction for ISHRS AI IN AND TECH ACT ETF (BAI) is Bullish.
What is the RSI signal for ISHRS AI IN AND TECH ACT ETF (BAI) stock?
ISHRS AI IN AND TECH ACT ETF (BAI) has an RSI value of 54.8848. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ISHRS AI IN AND TECH ACT ETF?
ISHRS AI IN AND TECH ACT ETF (BAI) has a support level at 34.84 and a resistance level at 35.54. Check the full technical report for our detailed analysis of BAI support and resistance levels.