ALIBABA GROUP HOLDING

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BABA
ISIN:

ALIBABA GROUP HOLDING - Daily - Technical analysis published on 09/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 79.62 USD

My targets

87.41 USD (+3.54%)

100.05 USD (+18.51%)

My analysis

The bullish trend is currently very strong on ALIBABA GROUP HOLDING. As long as the price remains above the support at 79.62 USD, you could try to benefit from the boom. The first bullish objective is located at 87.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 100.05 USD as an objective. Crossing it would then enable buyers to target 127.22 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ALIBABA GROUP HOLDING rating is 84.42 USD. The price is lower by -0.33% since the last closing and was between 84.04 USD and 85.00 USD. This implies that the price is at +0.45% from its lowest and at -0.68% from its highest.

84.04

85.00

84.42

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ALIBABA GROUP HOLDING chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	72.02	77.25	79.62	84.42	85.41	87.41	127.22
Change (%)	-14.69%	-8.49%	-5.69%	-	+1.17%	+3.54%	+50.70%
Change	-12.40	-7.17	-4.80	-	+0.99	+2.99	+42.80
Level	Intermediate	Major	Minor	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.01	83.53	83.97	84.49	84.93	85.45	85.89
Camarilla	84.16	84.24	84.33	84.42	84.51	84.60	84.68
Woodie	82.98	83.51	83.94	84.47	84.90	85.43	85.86
Fibonacci	83.53	83.89	84.12	84.49	84.85	85.08	85.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.09	78.20	81.45	83.56	86.81	88.92	92.17
Camarilla	83.22	83.71	84.20	84.69	85.18	85.67	86.16
Woodie	76.65	78.49	82.01	83.85	87.37	89.21	92.73
Fibonacci	78.20	80.25	81.52	83.56	85.61	86.88	88.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.29	69.08	76.21	81.00	88.13	92.92	100.05
Camarilla	80.06	81.16	82.25	83.34	84.43	85.53	86.62
Woodie	65.46	69.67	77.38	81.59	89.30	93.51	101.22
Fibonacci	69.08	73.63	76.45	81.00	85.55	88.37	92.92

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.09
MACD (12,26,9):	1.2100
Directional Movement:	4.99
AROON (14):	92.86
DEMA (21):	84.57
Parabolic SAR (0,02-0,02-0,2):	80.40
Elder Ray (13):	0.96
Super Trend (3,10):	79.52
Zig ZAG (10):	84.42
VORTEX (21):	0.8500
Stochastique (14,3,5):	75.59
TEMA (21):	84.72
Williams %R (14):	-24.77
Chande Momentum Oscillator (20):	1.08
Repulse (5,40,3):	-0.7700
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	5.09

MA7:	84.50
MA20:	83.02
MA50:	80.27
MA100:	78.88
MAexp7:	84.12
MAexp20:	82.94
MAexp50:	80.85
MAexp100:	79.04
Price / MA7:	-0.09%
Price / MA20:	+1.69%
Price / MA50:	+5.17%
Price / MA100:	+7.02%
Price / MAexp7:	+0.36%
Price / MAexp20:	+1.78%
Price / MAexp50:	+4.42%
Price / MAexp100:	+6.81%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ALIBABA GROUP HOLDING at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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