SOTHEBYS (BID) Technical Analysis
NYSE:BID
Current stock price
BID Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to BID. In the last year, BID was one of the better performers, but we do observe some doubts in the very recent evolution.
- BID is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BID is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that BID is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month BID has a been trading in a tight range between 56.50 and 57.38.
- Volume is considerably higher in the last couple of days.
BID Weekly and Daily overview Charts
BID Setup Rating and Analysis
BID has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 56.97, a Stop Loss order could be placed below this zone.
More info and screens
BID Support and Resistance Analysis
56.20
When analyzing the support we notice one important area.
- A support zone ranging from 56.77 to 56.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 57.79 to 59.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BID 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 BID is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BID is down. |
| ChartMill Relative Strength | 85.68 | POSITIVE | BID has a high relative strength, it outperformed 85.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BID is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BID is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BID is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.27 | NEUTRAL | The RSI value for BID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BID has a positive trend. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for BID is a neutral value. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for BID suggests low volalility. |
BID Chart- and CandleStick Pattern Analysis
BID Technicals: Chart, Performance Metrics, Trend & Indicators
56.99
-0.01 (-0.02%)
SOTHEBYS / BID TA FAQ
What is the ChartMill technical rating of SOTHEBYS (BID) stock?
ChartMill assigns a technical rating of 3 / 10 to BID.
What is the trend direction for BID stock?
The current trend direction for SOTHEBYS (BID) is Bullish.
What is the RSI signal for BID stock?
SOTHEBYS (BID) has an RSI value of 44.2735. This indicates that the stock is currently neutral.
What is the short term momentum for BID stock?
The short term momentum for SOTHEBYS (BID) is negative.
What are the support and resistance levels for SOTHEBYS (BID) stock?
SOTHEBYS (BID) has a support level at 56.97 and a resistance level at 57.79. Check the full technical report for our detailed analysis of BID support and resistance levels.