Overall BAOS gets a technical rating of 9 out of 10. BAOS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, BAOS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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2.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.15 to 3.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.34 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @3.44 from a horizontal line in the weekly time frame.
- Resistance @3.55 from a trend line in the daily time frame.
- Resistance @3.85 from a trend line in the weekly 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 BAOS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAOS is up. |
| ChartMill Relative Strength | 93.39 | POSITIVE | BAOS has a high relative strength, it outperformed 93.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAOS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BAOS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAOS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.25 | NEUTRAL | The RSI value for BAOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BAOS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.9 | NEUTRAL | The Stochastics value for BAOS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.62 | HIGH VOLATILITY | The high ATR as a percentage value for BAOS suggests high volalility. |
| Average Directional Index/ADX (14) | 26.05 | POSITIVE | The high ADX value value for BAOS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.45 | 3.14 | 0.31 (8.99%) | 11.13% |
| An entry @3.45. This is a Buy Stop order right above the resistance zone. | An exit @3.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 8.99%. | For a 1.00% total portfolio risk, you can invest 11.13% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BAOS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.16
-0.21 (-6.23%)
BAOSHENG MEDIA GROUP HOLDING / BAOS FAQ
Can you provide the ChartMill technical rating for BAOSHENG MEDIA GROUP HOLDING?
ChartMill assigns a technical rating of 9 / 10 to BAOS.
What is the current trend direction of BAOSHENG MEDIA GROUP HOLDING (BAOS) stock?
The current trend direction for BAOSHENG MEDIA GROUP HOLDING (BAOS) is Bullish.
Can you provide the RSI signal for BAOSHENG MEDIA GROUP HOLDING?
BAOSHENG MEDIA GROUP HOLDING (BAOS) has an RSI value of 51.2529. This indicates that the stock is currently neutral.
What is the buy/sell signal for BAOSHENG MEDIA GROUP HOLDING (BAOS) stock?
The buy/sell signal for BAOSHENG MEDIA GROUP HOLDING (BAOS) is buy as both the short term and long term trends are positive.
What is the support and resistance level for BAOS stock?
BAOSHENG MEDIA GROUP HOLDING (BAOS) has a support level at 3.15 and a resistance level at 3.44. Check the full technical report for our detailed analysis of BAOS support and resistance levels.