$BABA #Alibaba #USA #NYSE #Stocks #StockSplit #Trading
Alibaba
Ticker: NYSE:BABA
Price: $257.94
Recommendation: Buy
Business Summary
ALIBABA GROUP HOLDING LIMITED is a holding company that provides the technology infrastructure and marketing reach to help merchants, brands and other businesses to leverage the power of new technology to engage with users and customers to operate.
The Company operates four business segments. The Core Commerce segment provides China retail, China wholesale, International retail, International wholesale, Cainiao logistics services and local consumer services through Taobao Marketplace and Tmall.
The Cloud Computing segment provides complete suite of cloud services, including database, storage, network virtualization services, big data analytics and others.
The Digital Media and Entertainment segment provides consumer services beyond the core business operations.
The Innovation Initiatives and Others segment is to innovate and deliver new services and products.
Shayne Heffernan Recommendation
BABA stock split 8:1 buy July 15th 2020. NYSE:BABA Alibaba Group Holdings Ltd. Alibaba announced last year and have already agreed to an 8:1 stock split. This would allow the share price to be traded from the high 20’s mid 30’s at the split.
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 276.19.
The projected lower bound is: 241.53.
The projected closing price is: 258.86.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 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 77.2482. This is not an overbought or oversold reading. The last signal was a sell 15 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 63.20. 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 sell 15 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 134.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 15 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 10 period(s) ago.
Rex Takasugi – TD Profile
ALIBABA GRP ADR closed up 6.920 at 257.940. Volume was 16% below average (neutral) and Bollinger Bands were 32% narrower than normal.
Open High Low Close Volume 254.480 260.650 254.330 257.940 3,017,819
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 252.45 231.01 208.77 Volatility: 27 48 43 Volume: 2,910,496 3,611,847 3,804,725
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 23.6% above 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 20 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
Trading The Alibaba (NYSE:BABA) Stock Split added by HEFFX Australia on
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