Bitauto Holdings Ltd (BITA) Stock Technical Analysis
NYSE:BITA - New York Stock Exchange, Inc. -
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.
The long and short term trends are both positive. This is looking good!
BITA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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
16.12
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.94
+0.01 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.06%
1 Week0%
2 Weeks0.5%
1 Month0.89%
3 Month1.53%
6 Month38.97%
12 Month3.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.25%
ATR Inc89.83%
Range Today0.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.68
Mansfield0.12
10 Day High16
10 Day Low15.84
20 Day High16
20 Day Low15.79
52 Week High16
52 Week Low9.6
CS1 End15.93
CR1 Start15.95
Volume & EV
DER(3)6.72%
DER(5)4.17%
Volume1.15M
Volume Incr13.74%
Vol(5)751.24K
Vol(50)686.35K