BABA stock forecast Alibaba Group Holding Limited

BABA stock forecast

Friday February 14, 2020 Change -0.33% Price $219.63
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Bullish vs. Bearish (18 opinions)
Social Sentiment 0.03

BABA Stock Forecast and Technical Analysis

Buy candidate since 2020-02-12 Loss -2.09% PDF

Alibaba Group Holding Limited fell by -0.33% in the last day ( Friday, 14th Feb 2020 ) from $220.36 to $219.63 and has now fallen 3 days in a row. During the day the stock fluctuated 1.56% from a day low at $218.23 to a day high of $221.64. The price has been going up and down for this period, and there has been a 6.31% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -17.40 million shares and in total 10.44 million shares bought and sold for approximately $2 293.07 million.

BABA Stock Price Summary

  • 30 day high of the BABA stock price was $228.00 and low was $199.50.
  • 90 day high was $231.14 and low was $181.06.
  • 52 week high for Alibaba Group Holding Limited - $231.14 and low - $147.95.

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BABA Trend

Alibaba Group Holding Limited lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.02% during the next 3 months and, with 90% probability hold a price between $246.07 and $282.09 at the end of this period.

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BABA Signals

Alibaba Group Holding Limited holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $219.24 and $218.18. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 12, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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BABA Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 64 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

BABA Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $200.82 and $200.00.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alibaba Group Holding Limited finds support just below today's level at $200.82. If this is broken, then the next support from accumulated volume will be at $200.00 and $194.70.

Support: $200.82 Price: $219.63 Resistance: $220.36

BABA Stock Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.41 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.

Our recommended stop-loss: $209.07 (-4.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)

2.12 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

BABA Stock Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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