COUCHBASE INC (BASE) Stock Technical Analysis
NASDAQ:BASE - Nasdaq - US22207T1016 - Common Stock - Currency: USD
Taking everything into account, BASE scores 7 out of 10 in our technical rating. Although BASE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, BASE is a bad performer in the overall market: 76% of all stocks are doing better.
BASE is part of the IT Services industry. There are 82 other stocks in this industry, of which 66% are performing better than BASE.
Both the short term and long term trends are positive. This is a very positive sign.
BASE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
BASE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BASE is lagging the market slightly.
BASE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
13.53
21.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.95 to 18.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.67 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 18.67 to 18.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @19.14 from a horizontal line in the daily time frame.
- Resistance @20.93 from a horizontal 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 | UP | POSITIVE | The long term trend for BASE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BASE is up. |
| ChartMill Relative Strength | 24.47 | NEGATIVE | BASE has a low relative strength, it was outperformed by 75.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BASE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BASE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BASE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.14 | NEUTRAL | The RSI value for BASE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BASE has a negative trend. |
| Stochastics (14,3) | 61.97 | NEUTRAL | The Stochastics value for BASE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for BASE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.97 | POSITIVE | The high ADX value value for BASE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 18.78 | 17.94 | 0.84 (4.47%) | 22.36% |
| An entry @18.78. This is a Buy Stop order right above the resistance zone. | An exit @17.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.84 points, which is 4.47%. | When investing 22.36% 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 BASE. 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.
18.47
+0.15 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.82%
1 Week-2.4%
2 Weeks3.15%
1 Month7.32%
3 Month2.35%
6 Month-12.47%
12 Month-30.97%
2 Year-10.72%
3 Year29.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%3.36%
ATR Inc-8.96%
Range Today0.88
ADR(20)0.6
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.47
Mansfield0.53
10 Day High19.08
10 Day Low17.89
20 Day High19.08
20 Day Low16.57
52 Week High26.67
52 Week Low12.78
CS1 End18.01
CR1 Start18.38
Volume & EV
DER(3)-0.94%
DER(5)-0.68%
Volume658.38K
Volume Incr-37.58%
Vol(5)396.14K
Vol(50)934.81K