BAS Technical Analysis - BASF SE

Technical Rating and Analysis

Taking everything into account, BAS scores 1 out of 10 in our technical rating. BAS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

79% of all other stocks performed better in the past year than BAS.

In the last month BAS has a been trading in the 41.09 - 44.62 range, which is quite wide. It is currently trading near the high of this range.

BAS has an average volume of 2482190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

BAS is part of the Chemicals industry. There are 67 other stocks in this industry, BAS did better than 45% of them.

BAS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BAS is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BAS has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.32

54.37

We found 1 important support area.

A support zone ranging from 40.73 to 44.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 45.13 to 45.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @53.83 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 BAS.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BAS.DE is neutral.
ChartMill Relative Strength	21.99	NEGATIVE	BAS.DE has a low relative strength, it was outperformed by 78.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BAS.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of BAS.DE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BAS.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	55.04	NEUTRAL	The RSI value for BAS.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests BAS.DE has a positive trend.
Stochastics (14,3)	57.38	NEUTRAL	The Stochastics value for BAS.DE is a neutral value.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for BAS.DE suggests some volalility.
Average Directional Index/ADX (14)	10.36	NEGATIVE	The low ADX value for BAS.DE suggests a weak or negative trend.