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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Alibaba stock downgraded to Sell Candidate
(Updated on Jun 18, 2024)

Sell candidate since Jun 18, 2024 PDF

The Alibaba stock price fell by -0.121% on the last day (Tuesday, 18th Jun 2024) from $74.55 to $74.46. During the last trading day the stock fluctuated 1.69% from a day low at $73.85 to a day high of $75.10. The price has been going up and down for this period, and there has been a -5.09% 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 -3 million shares and in total, 10 million shares were bought and sold for approximately $762.75 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.79% during the next 3 months and, with a 90% probability hold a price between $82.34 and $102.58 at the end of this 3-month period.

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BABA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.51%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $76.18 and $79.88. 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). 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 stock

Alibaba finds support from accumulated volume at $73.35 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 $1.25 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 1.65%.

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

Trading Expectations (BABA) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Alibaba Group Holding Limited to open at $74.47, and during the day (based on 14 day Average True Range), to move between $72.42 and $76.50, which gives a possible trading interval of +/-$2.04 (+/-2.74%) 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 5.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $73.35 (1.49%) than the resistance at $79.51 (6.78%), 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 stock holds several negative signals and despite the positive trend, we believe Alibaba will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.309 Sell Candidate Downgraded

Predicted Opening Price for Alibaba Group Holding Limited of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$74.47 ( 0.0134%) $74.46

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
R3 75.72 1.69%
R2 75.24 1.05%
R1 74.95 0.655%
Price 74.46
S1 73.99 -0.628%
S2 73.70 -1.02%
S3 73.22 -1.67%

Accumulated Volume Support & Resistance Levels

Level Price
R3 86.70 16.44%
R2 81.26 9.13%
R1 79.51 6.78%
Price 74.46
S1 73.35 -1.49%
S2 71.29 -4.26%
S3 69.61 -6.51%

BABA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 14, 2024 Jun 13, 2024 Jul 12, 2024 $1.66 2.23%
2 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?
The Alibaba stock holds several negative signals and despite the positive trend, we believe Alibaba will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell 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 Jun 18, 2024, the price of an Alibaba (BABA) share was $74.46.

What is the 52-week high and low for Alibaba Stock?
The 52-week high for Alibaba Stock is $102.50 and the 52-week low is $66.64.

What is the market capitalization of Alibaba Stock?
As of the Jun 18, 2024, the market capitalization of Alibaba is 168.432B.

When is the next earnings date for Alibaba?
The upcoming earnings date for Alibaba is Aug 08, 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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