COUCHBASE INC (BASE) Stock Technical Analysis
NASDAQ:BASE - Nasdaq - US22207T1016 - Common Stock - Currency: USD
Overall BASE gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BASE is a bad performer.
When comparing the yearly performance of all stocks, BASE is a bad performer in the overall market: 72% of all stocks are doing better.
BASE is part of the IT Services industry. There are 82 other stocks in this industry, of which 64% are performing better than BASE.
The long and short term trends are both positive. This is looking good!
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. 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
13.53
19.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.01 to 18.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.67 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.41 to 18.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.14 from a horizontal line 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 BASE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BASE is up. |
| ChartMill Relative Strength | 28.56 | NEGATIVE | BASE has a low relative strength, it was outperformed by 71.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BASE is below 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) | 55.15 | NEUTRAL | The RSI value for BASE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BASE has a negative trend. |
| Stochastics (14,3) | 54.34 | NEUTRAL | The Stochastics value for BASE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BASE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.41 | 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)
18.06
-0.41 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.22%
1 Week-2.11%
2 Weeks-0.55%
1 Month5.55%
3 Month2.32%
6 Month-11.95%
12 Month-20.34%
2 Year-11.99%
3 Year27.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%3.57%
ATR Inc30.46%
Range Today0.55
ADR(20)0.63
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.56
Mansfield0.3
10 Day High19.28
10 Day Low17.89
20 Day High19.28
20 Day Low16.57
52 Week High23.11
52 Week Low12.78
CS1 End18.05
CR1 Start18.41
Volume & EV
DER(3)-2.23%
DER(5)-1.13%
Volume487.10K
Volume Incr-21.81%
Vol(5)473.60K
Vol(50)885.64K