Previous Hold Today BABA ranks #1485 as HOLD CANDIDATE #1485 Next Hold

BABA stock forecast Alibaba Group Holding Limited

BABA stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (28 opinions)
79%
21%
Social Sentiment 0.13

BABA Forecast and Technical Stock Analysis

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Hold candidate since 2019-08-19 Loss -1.71%

Alibaba Group Holding Limited fell by -1.11% in the last day ( Wednesday, 21st Aug 2019 ) from $177.21 to $175.24 and has now fallen 3 days in a row. During the day the stock fluctuated 2.06% from a day low at $174.89 to a day high of $178.50. The price has risen in 6 of the last 10 days and is up by 10.1% over the past 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 -0.32 million shares and in total 9.94 million shares bought and sold for approximately $1 741.47 million.

Quick summary:

  • 30 day high of the BABA stock price was $179.88 and low was $151.85.
  • 90 day high was $179.88 and low was $147.95.
  • 52 week high for Alibaba Group Holding Limited - $195.72 and low - $129.77.
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Trend

Alibaba Group Holding Limited lies in the middle of a wide and weak 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 9.68% during the next 3 months and, with 90% probability hold a price between $171.95 and $202.36 at the end of this period.

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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 $171.20 and $169.80. 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 Monday August 19, 2019, 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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A sell signal from a double top formation was found on Monday August 19, 2019 and based on theory for this formation the price should fall by -27.75% to $150.99 within 16 trading days since signal was issued (Wednesday September 11, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 60 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

On the downside, the stock finds support just below today's level from accumulated volume at $165.51 and $159.85.

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 $165.51. If this is broken, then the next support from accumulated volume will be at $159.85 and $154.81.

Support: $165.51 Price: $175.24 Resistance: $178.09

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.61 between high and low, or 2.06%. For the last week, the stock has had a daily average volatility of 2.92%.

Our recommended stop-loss: $166.46 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)

2.92 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

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.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 28 votes on StockTwits.

Previous Hold Today BABA ranks #1485 as HOLD CANDIDATE #1485 Next Hold

Will BABA stock price go up or down on Fri, 23 Aug 2019?

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