COUCHBASE INC (BASE) Technical Analysis
NASDAQ:BASE • US22207T1016
Current stock price
BASE Technical Rating and Analysis
Overall BASE gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BASE is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- BASE is one of the better performing stocks in the IT Services industry, it outperforms 88% of 87 stocks in the same industry.
- BASE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BASE is leading the market.
- Looking at the yearly performance, BASE did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month BASE has a been trading in a tight range between 24.35 and 24.72.
- Volume is considerably higher in the last couple of days.
BASE Weekly and Daily overview Charts
BASE Setup Rating and Analysis
BASE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
BASE Support and Resistance Analysis
13.53
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
BASE 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 | 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. |
BASE Chart- and CandleStick Pattern Analysis
BASE Example Setup
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%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
BASE Technicals: Chart, Performance Metrics, Trend & Indicators
24.51
+0.01 (+0.04%)
COUCHBASE INC / BASE TA FAQ
What is the technical rating for BASE stock?
ChartMill assigns a technical rating of 8 / 10 to BASE.
What is the current trend direction of COUCHBASE INC (BASE) stock?
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.
What is the buy/sell signal for COUCHBASE INC (BASE) stock?
The buy/sell signal for COUCHBASE INC (BASE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for COUCHBASE INC?
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.