Bullish vs. Bearish (136 opinions)
Social Sentiment 0.09
BABA Forecast and Technical Stock Analysis
Hold candidate since 2019-10-15 PDF
Alibaba Group Holding Limited gained 2.41% in the last trading day ( Tuesday, 15th Oct 2019 ), rising from $171.16 to $175.29 During the day the stock fluctuated 2.35% from a day low at $172.69 to a day high of $176.75. The price has risen in 7 of the last 10 days and is up by 6.14% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6.06 million more shares were traded than the day before. In total, 13.72 million shares bought and sold for approximately $2 405.63 million.
- 30 day high of the BABA stock price was $184.13 and low was $161.68.
- 90 day high was $184.13 and low was $151.85.
- 52 week high for Alibaba Group Holding Limited - $195.72 and low - $129.77.
Alibaba Group Holding Limited 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 Group Holding Limited with a 90% probability to be traded between $155.90 and $184.25 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Alibaba Group Holding Limited holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $168.70 and $172.98. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 48 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Alibaba Group Holding Limited finds support from accumulated volume at $166.97.
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 $4.06 (2.35%) between high and low. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $167.48 (-4.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
2.33 %Average volatility
Very Low Low Medium High Very High
Alibaba Group Holding Limited holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 136 votes on StockTwits.
|BABA $175.29 ($4.13 2.41%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!