Alibaba Group Holding (NYSE:BABA) Upside Potential
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 109.97.
The projected lower bound is: 98.06.
The projected closing price is: 104.02.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 36.6298. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.54. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 13 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -203.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 9 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
ALIBABA GRP ADR closed down -1.610 at 103.620. Volume was 22% above average (neutral) and Bollinger Bands were 29% narrower than normal.
Open High Low Close Volume___
105.050 105.060 101.830 103.620 4,322,027
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 105.95 99.50 81.64
Volatility: 31 38 40
Volume: 3,296,636 4,196,712 3,477,162
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ALIBABA GRP ADR is currently 26.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BABA.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BABA.N and have had this outlook for the last 69 periods.
Increase your trading profits
Increase your trading profits by trying MetaStocks Xenith 30 day free trial.
Latest posts by HEFFX Australia (see all)
- Cloud Peak Energy (NYSE:CLD) Heffx Trading Outlook - April 28, 2017
- Sirius XM Holdings (NASDAQ:SIRI) Gapped Down - April 28, 2017
- Honeywell International (NYSE:HON) Heffx Technical Analysis - April 28, 2017