Bitauto Holdings Ltd (BITA) Stock Technical Analysis
USA - NYSE:BITA -
Taking everything into account, BITA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BITA is only an average performer.
Although BITA has an excellent technical rating, it does not offer a high quality setup 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.
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9.87
When analyzing the support we can see 2 important areas.
- 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.
When analyzing the resistance we notice one important 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 trend direction for 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.
What is the MACD signal for BITA stock?
The MACD indicator for Bitauto Holdings Ltd (BITA) has a value of 0.00311357, indicating a bearish trend.
What is the buy/sell signal for BITA stock?
The buy/sell signal for Bitauto Holdings Ltd (BITA) is buy as both the short term and long term trends are positive.