BILIBILI INC-SPONSORED ADR (BILI) Stock Technical Analysis
NASDAQ:BILI - US0900401060 - ADR
Taking everything into account, BILI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BILI is showing a nice and steady performance.
Besides having an excellent technical rating, BILI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.42, a Stop Loss order could be placed below this zone.
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15.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.29 to 22.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.40 from a trend line in the weekly time frame.
- Support @17.50 from a trend line in the weekly time frame.
- Support @15.97 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.85 to 25.35. 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 BILI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BILI is neutral. |
| ChartMill Relative Strength | 90.85 | POSITIVE | BILI has a high relative strength, it outperformed 90.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BILI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BILI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BILI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.7 | NEUTRAL | The RSI value for BILI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BILI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.62 | OVERSOLD | The low Stochastics value suggests BILI may be oversold. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for BILI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for BILI suggests a weak or negative 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 |
|---|---|---|---|
| 23.77 | 22.28 | 1.49 (6.26%) | 15.97% |
| An entry @23.77. This is a Buy Stop order right above the 10 day moving average. | An exit @22.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.49 points, which is 6.26%. | For a 1.00% total portfolio risk, you can invest 15.97% 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.
23.26
+0.84 (+3.75%)