Alibaba Group Holding Limited (NYSE:BABA) sign of reaching a bottom
Revenue and FCF are current key drivers for Alibaba’s capitalization growth. And the results of both of these indicators for the last quarter confirm that Alibaba’s undervaluation has increased. At the same time, technical indicators testify to a high probability that Alibaba’s stock reached its bottom in October. In my opinion, it indicates that there will not be another wave of decrease in Alibaba’s stock value, at least in the current quarter.
Overall, the bias in prices is: Sideways.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 173.46.
The projected lower bound is: 148.05.
The projected closing price is: 160.76.
A white body occurred (because prices closed higher 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 24 white candles and 26 black candles for a net of 2 black candles.
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 88.2178. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 8 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 59.65. 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 34 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 119.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 1 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 21 period(s) ago.
Rex Takasugi – TD Profile
ALIBABA GRP ADR closed up 4.580 at 160.860. Volume was 251% above average (trending) and Bollinger Bands were 11% narrower than normal.
Open High Low Close Volume___
158.000 160.860 156.750 160.860 17,308,238
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 153.83 150.86 176.86
Volatility: 43 55 43
Volume: 5,262,067 4,780,744 4,242,203
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 9.0% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 11 periods.
Latest posts by HEFFX Australia (see all)
- Singapore: STI Index (.STI) Investors stay wary amid uneasy truce between U.S.-China over simmering trade spat - December 11, 2018
- Australia: S&P/ASX 200 (.AXJO) pointing higher - December 11, 2018
- Japanese Yen: USD/JPY (JPY=X) USD has moved into a consolidation phase - December 11, 2018