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Weaker Buy Today BABA ranks #556 as BUY CANDIDATE. Stronger Buy
Today BABA ranks #556 as BUY CANDIDATE.

BABA stock Alibaba Group Holding Limited

BABA stock
Alibaba Group Holding Limited

April 18, 2019
Change -0.33%
Chart period: 2019-01-22 - 2019-04-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Social Sentiment for BABA

Today's data is from 89 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
87%
13%
Weighted Sentiment 0.18

Will BABA stock price go up or down on Tue, 23 Apr 2019?

Alibaba Group Holding Limited Forecast and Stock Analysis

Technical BABA stock analysis for April 18, 2019.

Buy candidate since 2019-04-16 Gain 0.62%
Shorts 9.80% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 2.30
ROA 8.47

Alibaba Group Holding Limited fell by -0.33% in the last day from $187.55 to $186.94 The price has risen in 6 of the last 10 days and is up by 3.24% 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 -3.80 million shares and in total 7.82 million shares bought and sold for approximately $1 460.97 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the BABA stock was $186.94. This is 0.33% less than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 1.02% from a day low at $185.39 to a day high of $187.28.

30 day high of the BABA stock price was $189.79 and low was $174.10.
90 day high was $189.79 and low was $150.21.
52 week high for the Alibaba Group Holding Limited - $211.70 and low - $129.77.

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 15.26% during the next 3 months and, with 90% probability hold a price between $211.08 and $232.47 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 $186.20 and $182.21. 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 April 17, 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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Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Alibaba Group Holding Limited finds support from accumulated volume at $183.25.

Support: $183.25 Price: $186.94 Resistance: $187.25

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.89 (1.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.62%.

Our recommended stoploss: $179.04 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today BABA ranks #556 as BUY CANDIDATE. Stronger Buy
Today BABA ranks #556 as BUY CANDIDATE.