Alibaba Group Holding Limited (NYSE:BABA) advertising segment is growing at a rapid pace
Alibaba’s advertising segment is growing at a rapid pace which will help in boosting revenue growth and margins.
It has grabbed over one-fifth of the advertising spend in China compared to 19% by rivals Tencent and Baidu together.
The company is now building new advertising A.I. tools and partnerships to leverage the massive amount of data gathered from its 600 million-strong customer base.
Alibaba will gain from the strong network effect within the advertising segment, which should allow the company to increase market share.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 191.48.
The projected upper bound is: 188.64.
The projected lower bound is: 167.85.
The projected closing price is: 178.24.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black 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 12.8899. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 9 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 35.55. 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 41 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 -159.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 3 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 3 period(s) ago.
Rex Takasugi – TD Profile
ALIBABA GRP ADR closed down -2.220 at 178.620. Volume was 97% above average (neutral) and Bollinger Bands were 29% narrower than normal.
Open High Low Close Volume___
180.840 180.840 177.500 178.620 7,089,595
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 187.00 194.91 186.74
Volatility: 40 34 38
Volume: 3,901,097 3,716,730 3,912,528
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 4.3% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of BABA.N (mildly bearish). Our trend forecasting oscillators are currently bearish on BABA.N and have had this outlook for the last 30 periods.