Alibaba Group Holding Limited (NYSE:BABA) artificial intelligence (AI) system is ready

Alibaba Group Holding Limited (NYSE:BABA) artificial intelligence (AI) system is ready

Alibaba Group Holding Limited (NYSE:BABA) artificial intelligence (AI) system is ready

An Alibaba Group (NYSE: BABA) artificial intelligence (AI) system is ready to recommend your next outfit at a concept store in Hong Kong showcasing a new model for the digitization of fashion retail.

Alibaba’s FashionAI brings AI to the fashion world and offers customers personalized mix-and-match recommendations. With an ability to “learn” the latest fashion trends and tips from analysis of data generated by Alibaba’s ecosystem, the proprietary model behind the technology is based on consumer insights from the ecosystem, images of more than 500,000 outfits put together by stylists on Taobao, as well as fashion expertise from Tmall partner brands. Cross-brand recommendations are also provided by consumers looking for the most fashion forward creative advice.

A concept store embodying the technology will open on the Hong Kong Polytechnic University campus from tomorrow to July 7.

“FashionAI embodies our thinking of what the future of fashion retail could look like, and an exploration of using technologies to better understand and cater to consumers’ fashion needs,” said Zhuoran Zhuang, Vice President, Alibaba Group. “With the latest AI technologies, like machine learning and computing vision, FashionAI can now recommend items that match your personal style. That gives imagination to consumers and injects new ideas into fashion brands and retailers to rethink their business and sales models. Leveraging AI in fashion, therefore, offers many untapped opportunities for fashion retailers.”

The deployment of FashionAI in a concept store is the latest showcase of how New Retail technologies can breathe new life into traditional offline retailing. New Retail is Alibaba’s concept to seamlessly integrate online shopping and offline commerce to provide consumers with the ultimate of ease, convenience and choice.

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 194.65.

The projected lower bound is: 175.22.

The projected closing price is: 184.93.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

Momentum Indicators

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 30.4853. This is not an overbought or oversold reading. The last signal was a buy 1 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 34.31. 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 18 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 -81. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 14 period(s) ago.

Rex Takasugi – TD Profile

ALIBABA GRP ADR closed down -1.610 at 184.750. Volume was 45% below average (neutral) and Bollinger Bands were 49% wider than normal.

Open High Low Close Volume___
187.850 188.500 184.400 184.750 2,119,892

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 192.32 195.26 185.44
Volatility: 39 32 38
Volume: 3,784,951 3,958,587 3,943,947

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.

Summary

ALIBABA GRP ADR is currently 0.4% 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 7 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

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