Bitauto Holdings Ltd (BITA) Technical Analysis
NYSE:BITA
Current stock price
BITA Technical Rating and Analysis
Overall BITA gets a technical rating of 7 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 compared to the yearly performance of all other stocks, BITA outperforms 55% of them, which is more or less in line with the market.
- In the last month BITA has a been trading in a tight range between 15.79 and 16.00.
BITA Weekly and Daily overview Charts
BITA Setup Rating and Analysis
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.
More info and screens
BITA Support and Resistance Analysis
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.
BITA Technical Indicator Signal Analysis
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. |
BITA Chart- and CandleStick Pattern Analysis
BITA Technicals: Chart, Performance Metrics, Trend & Indicators
15.94
+0.01 (+0.06%)
Bitauto Holdings Ltd / BITA TA 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.
What is the RSI signal for BITA stock?
Bitauto Holdings Ltd (BITA) has an RSI value of 68.0024. This indicates that the stock is currently neutral.
What is the short term momentum for Bitauto Holdings Ltd (BITA) stock?
The short term momentum for Bitauto Holdings Ltd (BITA) is positive.
What is the buy/sell signal for Bitauto Holdings Ltd (BITA) stock?
The buy/sell signal for Bitauto Holdings Ltd (BITA) is buy as both the short term and long term trends are positive.