RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BABA
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Stronger technical forecast for Alibaba stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Alibaba stock price gained 0.154% on the last trading day (Wednesday, 27th Mar 2024), rising from $71.48 to $71.59. During the last trading day the stock fluctuated 1.57% from a day low at $70.58 to a day high of $71.69. The price has been going up and down for this period, and there has been a -6.28% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $940.90 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alibaba stock with a 90% probability to be traded between $69.06 and $79.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BABA Signals & Forecast

The Alibaba stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $72.58 and $73.72. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.182%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Alibaba stock

Alibaba finds support from accumulated volume at $70.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.11 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: $67.28 (-6.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (BABA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Alibaba Group Holding Limited to open at $71.29, and during the day (based on 14 day Average True Range), to move between $70.03 and $73.15, which gives a possible trading interval of +/-$1.56 (+/-2.18%) up or down from last closing price. If Alibaba Group Holding Limited takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $72.02 (0.60%) than the support at $70.78 (1.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Alibaba Group Holding Limited stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.770 Buy Candidate Upgraded

Predicted Opening Price for Alibaba Group Holding Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$71.29 ( 0.423%) $71.59

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BABA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 72.40 1.12 %
R2 71.97 0.534 %
R1 71.71 0.168 %
Current price: 71.59
Support S1 70.86 -1.01 %
S2 70.60 -1.38 %
S3 70.18 -1.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 74.02 3.39 %
R2 73.64 2.86 %
R1 72.02 0.601 %
Current price 71.59
Support S1 70.78 -1.13%
S2 69.42 -3.03%
S3 68.63 -4.13%

BABA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 16, 2023 Dec 20, 2023 Jan 18, 2024 $1.00 1.47%

FAQ

What is the symbol for Alibaba Stock and on which exchange is it traded?
The symbol for Alibaba is BABA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Alibaba Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Alibaba Stock?
Alibaba Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Alibaba Stock.

What's the current price of Alibaba Stock?
As of the end of day on the 2024-03-27, the price of an Alibaba (BABA) share was $71.59.

What is the 52-week high and low for Alibaba Stock?
The 52-week high for Alibaba Stock is $105.05 and the 52-week low is $66.64.

What is the market capitalization of Alibaba Stock?
As of the 2024-03-27, the market capitalization of Alibaba is 183.089B.

When is the next earnings date for Alibaba?
The upcoming earnings date for Alibaba is May 16, 2024.
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About Alibaba Group Holding Limited

Alibaba Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social... BABA Profile

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