Alibaba Group Holding Limited (NYSE:BABA) sharpening its data-sharing feature

Alibaba Group Holding Limited (NYSE:BABA) sharpening its data-sharing feature

Alibaba Group Holding Limited (NYSE:BABA) sharpening its data-sharing feature

China’s homegrown e-commerce king is getting ahead of that question. Alibaba actually offers its data to the companies that sell on its platform, so they can tweak their products to better entice Chinese shoppers.

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Driving the news: Alibaba is sharpening its data-sharing feature, which it offers to big-name brands — like Unilever, L’Oréal, Mars and Samsung — that sell on its Tmall app, by partnering with data-crunching companies.

  • The Chinese giant announced last week that it will work with massive market research firms like Nielsen, Kantar and Euromonitor International to give companies deeper analysis of how to please Chinese consumers.
  • One success story that’s already come from the data-sharing is the 麻辣 (mala) Snickers bar. Alibaba told Mars, Snickers’ parent company, that Chinese snackers were consistently buying food with a classic Szechuan spicy flavor called 麻辣 (mala). Snickers used that to develop a spicy chocolate bar for China that’s been wildly popular.

Overall, the bias in prices is: Downwards.

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

By the way, prices are vulnerable to a correction towards 166.33.

The projected upper bound is: 159.83.

The projected lower bound is: 138.21.

The projected closing price is: 149.02.

Candlesticks

A white body occurred (because prices closed higher 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 18 white candles and 32 black candles for a net of 14 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 73.4361. This is not an overbought or oversold reading. The last signal was a buy 2 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 42.10. 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 2 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 -43. This is not a topping or bottoming area. The last signal was a buy 2 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 7 period(s) ago.

Rex Takasugi – TD Profile

ALIBABA GRP ADR closed up 5.440 at 149.600. Volume was 3% above average (neutral) and Bollinger Bands were 54% wider than normal.

Open High Low Close Volume___
145.870 149.750 145.260 149.600 4,606,927

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

Moving Averages: 10-period 50-period 200-period
Close: 149.24 165.09 183.24
Volatility: 61 43 41
Volume: 5,884,574 5,131,705 4,201,042

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 18.4% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of BABA.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BABA.N and have had this outlook for the last 10 periods.

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