Social Sentiment for BABA
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Weighted Sentiment -0.05
Alibaba Group Holding Limited Forecast and Stock Analysis
Technical BABA stock analysis for Monday June 24, 2019.
Alibaba Group Holding Limited gained 0.33% in the last trading day ( Monday, 24th Jun 2019 ), rising from $167.55 to $168.10 During day the stock fluctuated 1.87% from a day low at $165.78 to a day high of $168.88. The price has risen in 6 of the last 10 days and is up by 5.16% 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, 0.95 million more shares were traded than the day before. In total, 18.20 million shares bought and sold for approximately $3 059.12 million.
- 30 day high of the BABA stock price was $170.48 and low was $147.95.
- 90 day high was $195.72 and low was $147.95.
- 52 week high for the Alibaba Group Holding Limited - $198.35 and low - $129.77.
Alibaba Group Holding Limited lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.05% during the next 3 months and, with 90% probability hold a price between $118.11 and $148.15 at the end of this period.
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 $164.70 and $163.79. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday June 20, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Alibaba Group Holding Limited finds support from accumulated volume at $165.51.
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 $3.10 between high and low, or 1.87%. For the last week, the stock has had a daily average volatility of 2.64%.
Our recommended stoploss: $161.34 (-4.02%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
2.64 %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 for further development.
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|BABA $168.10 ($0.55 0.33%)|
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