Alibaba Group Holding Limited (NYSE:BABA) has a value of $205.70 per share

Alibaba Group Holding Limited (NYSE:BABA) has a value of $205.70 per share

Alibaba Group Holding Limited (NYSE:BABA) has a value of $205.70 per share

In latest trading activity; Alibaba Group Holding Limited (BABA)snatched the consideration from Investors, when its current beneficial picture was seen that is promoting good health. The stock price is showing encouraging image with current supportive move of 0.31% at trading price of $205.70. Active Investors often maintain a close study on trading capacity of BABA stock.

Investors who observing the volume trend of Alibaba Group Holding Limited (BABA) over recent time; they noted that 12.06 million shares changed at hands contradiction to its average trading volume of 17.78 million. Traders and technical analysts have the ability to use volume to help measure the strength of a particular move. Investors may also view volume levels when the stock price is nearing significant support or resistance levels, in order to confirm a breakout in either direction.

Overall, the bias in prices is: Upwards.

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

By the way, prices are vulnerable to a correction towards 194.39.

The projected upper bound is: 218.54.

The projected lower bound is: 200.88.

The projected closing price is: 209.71.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black 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 56.9406. This is not an overbought or oversold reading. The last signal was a sell 3 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 68.03. 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 3 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 93. This is not a topping or bottoming area. The last signal was a sell 3 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 buy 6 period(s) ago.

Rex Takasugi – TD Profile

ALIBABA GRP ADR closed up 3.380 at 209.080. Volume was 1% above average (neutral) and Bollinger Bands were 27% narrower than normal.

Open High Low Close Volume___
206.950 209.800 206.910 209.080 3,906,707

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

Moving Averages: 10-period 50-period 200-period
Close: 204.94 188.61 183.54
Volatility: 27 30 37
Volume: 3,838,916 3,582,898 3,947,603

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 13.9% 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 26 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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