Alibaba Group Holding Limited (NYSE:BABA) on the move

Alibaba Group Holding Limited (NYSE:BABA) on the move

Alibaba Group Holding Limited (NYSE:BABA) on the move

The Benchmark Company rated the Alibaba Group Holding Limited (NYSE:BABA)’sstock as a Buy in a research note published on Monday, November 5th, 2018 and posted a $205 price target on the common stock of Alibaba Group Holding Limited (NYSE:BABA). Other Wall Street experts have also recently posted reports on these shares. Nomura gave the stock a Buy rating, while setting a price target at $202 in a research note from Monday, October 29th, 2018. Macquarie posted a $225 price target for Alibaba Group Holding Limited stock and rated the stock as an Outperform in a research note dated Tuesday, October 23rd, 2018.

At the moment, there are a total of 49 analysts who cover Alibaba Group Holding Limited (NYSE:BABA) stock. Among that group, 24 of them gave BUY ratings, 24 of them rated the stock as OUTPERFORM, 0 recommended it as HOLD, 1 set the rating at UNDERPERFORM and 0 rated it as a SELL. Looking at the big picture from the data above, the average analyst rating for Alibaba Group Holding Limited is 1.60.

The company, which is valued at $399.82B, last published its earnings results on Friday, 11/02/2018 for the quarter that ended in Sep-18. The business posted revenue of $85,148.00 million for the three-month period, below -$1359.1 million, compared to analysts’ forecasts of $86,507.10 million with a surprise factor of 1.57%. The organization posted $9.60 earnings per share (EPS) for the three-month period, missing the Thomson Reuter’s analyst consensus estimate of $7.43 by $2.17– amounting to a surprise factor of 29.15%.

Overall, the bias in prices is: Downwards

The projected upper bound is: 164.24.

The projected lower bound is: 138.37.

The projected closing price is: 151.30.

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 22 white candles and 28 black candles for a net of 6 black candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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 32.0549. 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 48.19. 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 buy 42 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 -76. This is not a topping or bottoming area. The last signal was a sell 6 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 3 period(s) ago.

Rex Takasugi – TD Profile

ALIBABA GRP ADR closed down -0.020 at 151.480. Volume was 48% below average (neutral) and Bollinger Bands were 26% narrower than normal.

Open High Low Close Volume___
153.000 153.460 150.530 151.480 2,568,786

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

Moving Averages: 10-period 50-period 200-period
Close: 155.43 149.39 175.49
Volatility: 34 56 43
Volume: 5,807,216 5,023,372 4,273,382

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 13.7% below its 200-period moving average and is in an upward trend. Volatility is low 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 19 periods.

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