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AI Analysis of AHLA.F
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Red day on Friday for Alibaba Group Holding Limited stock after losing 2.41%
(Updated on Jun 14, 2024)

Sell candidate since Jun 11, 2024 Loss -5.62% PDF

The Alibaba Group Holding Limited stock price fell by -2.41% on the last day (Friday, 14th Jun 2024) from 70.60€ to 68.90€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.74% from a day low at 68.90€ to a day high of 70.10€. The price has been going up and down for this period, and there has been a -3.5% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -39 thousand shares and in total, 33 thousand shares were bought and sold for approximately 2.28€ million.

Given the current short-term trend, the stock is expected to rise 12.51% during the next 3 months and, with a 90% probability hold a price between 77.52€ and 95.69€ at the end of this 3-month period.

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AHLA.F Signals & Forecast

There are few to no technical positive signals at the moment. The Alibaba Group Holding Limited 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 72.10€ and 74.11€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -15.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Alibaba Group Holding Limited stock

Alibaba Group Holding Limited finds support from accumulated volume at 67.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.20€ between high and low, or 1.74%. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AHLA.F) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Alibaba Group Holding Limited to open at 69.30€, and during the day (based on 14 day Average True Range), to move between 67.05€ and 70.75€, which gives a possible trading interval of +/-1.85€ (+/-2.68%) 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 5.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 67.80€ (1.60%) than the resistance at 72.30€ (4.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alibaba Group Holding Limited stock A Buy?

The Alibaba Group Holding Limited stock holds several negative signals and despite the positive trend, we believe Alibaba Group Holding Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.027 Sell Candidate Unchanged

Predicted Opening Price for Alibaba Group Holding Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
69.30€ ( 0.581%) 68.90€

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

Trading levels for AHLA.F

Fibonacci Support & Resistance Levels

Level Price
R3 70.50 2.32%
R2 70.04 1.66%
R1 69.76 1.25%
Price 68.90
S1 68.84 -0.0848%
S2 68.56 -0.496%
S3 68.10 -1.16%

Accumulated Volume Support & Resistance Levels

Level Price
R3 74.70 8.42%
R2 73.10 6.10%
R1 72.30 4.93%
Price 68.90
S1 67.80 -1.60%
S2 67.70 -1.74%
S3 66.10 -4.06%

AHLA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 13, 2024 Jun 13, 2024 Jul 12, 2024 1.52€ 2.20%
2 Dec 20, 2023 Dec 20, 2023 Jan 18, 2024 0.90€ 1.42%

FAQ

What is the symbol for Alibaba Group Holding Limited Stock and on which exchange is it traded?
The symbol for Alibaba Group Holding Limited is AHLA.F and it is traded on the FRA (Frankfurt Stock Exchange).

Should I buy or sell Alibaba Group Holding Limited Stock?
The Alibaba Group Holding Limited stock holds several negative signals and despite the positive trend, we believe Alibaba Group Holding Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Alibaba Group Holding Limited Stock?
Alibaba Group Holding Limited 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 Group Holding Limited Stock.

What's the current price of Alibaba Group Holding Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Alibaba Group Holding Limited (AHLA.F) share was 68.90€.

What is the 52-week high and low for Alibaba Group Holding Limited Stock?
The 52-week high for Alibaba Group Holding Limited Stock is 93.05€ and the 52-week low is 61.10€.

What is the market capitalization of Alibaba Group Holding Limited Stock?
As of the Jun 14, 2024, the market capitalization of Alibaba Group Holding Limited is 155.855B.

When is the next earnings date for Alibaba Group Holding Limited?
The upcoming earnings date for Alibaba Group Holding Limited is Aug 08, 2024.
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About Alibaba Group Holding Limited

Alibaba Group Holding Limited 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... AHLA.F Profile

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