Alibaba Group Holding Limited (NYSE:BABA) Outperforming Other Retail-Wholesale Stocks This Year?

Alibaba Group Holding Limited (NYSE:BABA) Outperforming Other Retail-Wholesale Stocks This Year?

Alibaba Group Holding Limited (NYSE:BABA) Outperforming Other Retail-Wholesale Stocks This Year?

Investors focused on the Retail-Wholesale space have likely heard of Alibaba Group Holding (BABA), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.

Alibaba Group Holding is one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BABA is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BABA’s full-year earnings has moved 8.15% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.

Our latest available data shows that BABA has returned about 21.78% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 20.62% on a year-to-date basis. This means that Alibaba Group Holding is performing better than its sector in terms of year-to-date returns.

To break things down more, BABA belongs to the Internet – Commerce industry, a group that includes 28 individual companies and currently sits at #36 in the Zacks Industry Rank. This group has gained an average of 27.06% so far this year, so BABA is slightly underperforming its industry in this area.

Investors in the Retail-Wholesale sector will want to keep a close eye on BABA as it attempts to continue its solid performance.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 176.59.

The projected lower bound is: 155.75.

The projected closing price is: 166.17.

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.

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 15.5750. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 20 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 48.23. 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 26 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 -86. This is not a topping or bottoming area. The last signal was a sell 4 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 1 period(s) ago.

Rex Takasugi – TD Profile

ALIBABA GRP ADR closed down -0.380 at 166.550. Volume was 28% below average (neutral) and Bollinger Bands were 17% narrower than normal.

Open High Low Close Volume___
167.200 168.400 165.000 166.550 2,571,574

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

Moving Averages: 10-period     50-period     200-period
Close: 170.96 167.04 163.20
Volatility: 29 39 43
Volume: 3,151,828 4,388,684 3,879,081

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 2.1% above 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 15 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

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