SOTHEBYS (BID) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BID -
Overall BID gets a technical rating of 4 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, BID does present a nice setup opportunity. 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
56.20
We found 1 important support 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.
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. |
56.99
-0.01 (-0.02%)
SOTHEBYS / BID FAQ
What is the ChartMill technical rating of SOTHEBYS (BID) stock?
ChartMill assigns a technical rating of 3 / 10 to BID.
What is the current trend direction of SOTHEBYS (BID) stock?
The current trend direction for SOTHEBYS (BID) is Bullish.
Can you provide the RSI signal for SOTHEBYS?
SOTHEBYS (BID) has an RSI value of 44.2735. This indicates that the stock is currently neutral.
What is the short term momentum for SOTHEBYS (BID) stock?
The short term momentum for SOTHEBYS (BID) is negative.
What is the buy/sell signal for BID stock?
The buy/sell signal for SOTHEBYS (BID) is hold as the short term and long term trends are mixed.