Bitauto Holdings Ltd (BITA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BITA -
We assign a technical rating of 7 out of 10 to BITA. Although BITA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by BITA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- When comparing the performance of all stocks over the past year, BITA turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- In the last month BITA has a been trading in a tight range between 15.79 and 16.00.
Although BITA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.87
2 important support areas can be observed.
- A support zone ranging from 15.69 to 15.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.97 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.95 to 15.96. 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 BITA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITA is up. |
| ChartMill Relative Strength | 55.68 | NEUTRAL | BITA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68 | NEUTRAL | The RSI value for BITA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BITA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.37 | NEUTRAL | The Stochastics value for BITA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for BITA suggests low volalility. |
15.94
+0.01 (+0.06%)
Bitauto Holdings Ltd / BITA FAQ
Can you provide the ChartMill technical rating for Bitauto Holdings Ltd?
ChartMill assigns a technical rating of 7 / 10 to BITA.
What is the current trend direction of Bitauto Holdings Ltd (BITA) stock?
The current trend direction for Bitauto Holdings Ltd (BITA) is Bullish.
Can you provide the RSI signal for Bitauto Holdings Ltd?
Bitauto Holdings Ltd (BITA) has an RSI value of 68.0024. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Bitauto Holdings Ltd?
The buy/sell signal for Bitauto Holdings Ltd (BITA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Bitauto Holdings Ltd (BITA) stock?
Bitauto Holdings Ltd (BITA) has a support level at 15.93 and a resistance level at 15.95. Check the full technical report for our detailed analysis of BITA support and resistance levels.