Alibaba Group Holding Limited (NYSE:BABA) Q3 2018 Earnings Preview
Alibaba (NYSE:BABA) is scheduled to announce Q3 earnings results on Wednesday, January 30th, before market open.
The consensus EPS Estimate is $1.67 (+2.5% Y/Y) and the consensus Revenue Estimate is $17.43B (+36.6% Y/Y).
Over the last 2 years, BABA has beaten EPS estimates 75% of the time and has beaten revenue estimates 88% of the time.
Over the last 75 days, EPS estimates have seen 8 upward revisions and 4 downward. Revenue estimates have seen 9 upward revisions and 2 downward.
Recent earnings Analysis from our contributors:Alibaba: Be Careful Heading Into Q3 Earnings Alibaba Stock: Are Their Fortunes About To Change?
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 150.65.
The projected upper bound is: 167.31.
The projected lower bound is: 146.85.
The projected closing price is: 157.08.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.
An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with ALIBABA GRP ADR). It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle’s real body.
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 78.5375. This is not an overbought or oversold reading. The last signal was a sell 5 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 59.52. 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 22 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 97. This is not a topping or bottoming area. The last signal was a sell 0 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 buy 16 period(s) ago.
Rex Takasugi – TD Profile
ALIBABA GRP ADR closed down -2.040 at 156.880. Volume was 1% below average (neutral) and Bollinger Bands were 22% wider than normal.
Open High Low Close Volume___
159.000 160.330 155.920 156.880 4,357,956
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 155.38 149.19 169.77
Volatility: 32 45 43
Volume: 3,686,141 4,280,916 4,272,519
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 7.6% below 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 10 periods.