ALIBABA GROUP HOLDING-SP ADR (BABA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BABA - US01609W1027 - ADR
Overall BABA gets a technical rating of 4 out of 10. In the last year, BABA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
BABA has an average technical rating and it also 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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93.61
5 important support areas can be observed.
- A support zone ranging from 147.08 to 147.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @129.89 from a trend line in the weekly time frame.
- Support @112.03 from a trend line in the daily time frame.
- Support @107.73 from a horizontal line in the weekly time frame.
- Support @94.56 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 153.76 to 158.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 162.32 to 164.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 BABA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BABA is down. |
| ChartMill Relative Strength | 90.51 | POSITIVE | BABA has a high relative strength, it outperformed 90.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BABA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BABA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BABA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.09 | NEUTRAL | The RSI value for BABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests BABA has a negative trend. |
| Stochastics (14,3) | 5.1 | OVERSOLD | The low Stochastics value suggests BABA may be oversold. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for BABA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.59 | NEGATIVE | The low ADX value for BABA suggests a weak or negative trend. |
147.32
+0.23 (+0.16%)
ALIBABA GROUP HOLDING-SP ADR / BABA FAQ
Can you provide the ChartMill technical rating for ALIBABA GROUP HOLDING-SP ADR?
ChartMill assigns a technical rating of 4 / 10 to BABA.
Can you provide the trend direction for ALIBABA GROUP HOLDING-SP ADR?
The current trend direction for ALIBABA GROUP HOLDING-SP ADR (BABA) is Bullish.
What is the RSI signal for ALIBABA GROUP HOLDING-SP ADR (BABA) stock?
ALIBABA GROUP HOLDING-SP ADR (BABA) has an RSI value of 35.0874. This indicates that the stock is currently neutral.
What is the short term momentum for BABA stock?
The short term momentum for ALIBABA GROUP HOLDING-SP ADR (BABA) is negative.
What is the buy/sell signal for BABA stock?
The buy/sell signal for ALIBABA GROUP HOLDING-SP ADR (BABA) is hold as the short term and long term trends are mixed.