COUCHBASE INC (BASE) Stock Technical Analysis
USA - NASDAQ:BASE - US22207T1016 - Common Stock
Taking everything into account, BASE scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, BASE has proven to be a steady performer, scoring decent points in every aspect analyzed.
BASE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.45, 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
13.53
We found 2 important support areas.
- A support zone ranging from 24.24 to 24.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.67 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.52 to 24.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 85.71 | POSITIVE | BASE has a high relative strength, it outperformed 85.71% 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) | 71.99 | OVERBOUGHT | The high RSI value suggests BASE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BASE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.34 | NEUTRAL | The Stochastics value for BASE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for BASE suggests low volalility. |
| Average Directional Index/ADX (14) | 39.41 | POSITIVE | The high ADX value value for BASE suggests a strong 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 |
|---|---|---|---|
| 24.59 | 24.34 | 0.25 (1.02%) | 25.00% |
| An entry @24.59. This is a Buy Stop order right above the resistance zone. | An exit @24.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.25 points, which is 1.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- 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.
24.51
+0.01 (+0.04%)
COUCHBASE INC / BASE FAQ
What is the technical rating for BASE stock?
ChartMill assigns a technical rating of 8 / 10 to BASE.
Can you provide the trend direction for COUCHBASE INC?
The current trend direction for COUCHBASE INC (BASE) is Bullish.
What is the RSI signal for COUCHBASE INC (BASE) stock?
COUCHBASE INC (BASE) has an RSI value of 71.9851. This indicates that the stock is currently overbought.
Can you provide the short term momentum for COUCHBASE INC?
The short term momentum for COUCHBASE INC (BASE) is positive.
What is the support and resistance level for BASE stock?
COUCHBASE INC (BASE) has a support level at 24.45 and a resistance level at 24.52. Check the full technical report for our detailed analysis of BASE support and resistance levels.