ALIBABA GROUP HOLDING - Daily - Technical analysis published on 06/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 168.24 USD
My targets
156.36 USD (-2.22%)
149.29 USD (-6.64%)
My analysis
There is a bearish trend on ALIBABA GROUP HOLDING both at the basic level and in the short term. A sale could be considered, so long as the price remains below 168.24 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 156.36 USD. Then the price could move towards 149.29 USD. Then 138.45 USD by extension. Be careful, a return to above the resistance 168.24 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALIBABA GROUP HOLDING rating is 159.91 USD. The price has increased by +1.15% since the last closing and was between 157.42 USD and 160.55 USD. This implies that the price is at +1.58% from its lowest and at -0.40% from its highest.157.42
160.55
159.91
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ALIBABA GROUP HOLDING chart shows a bearish trend. 75% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from 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. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 138.45 | 149.29 | 156.36 | 159.91 | 168.24 | 180.65 | 187.38 |
| Change (%) | -13.42% | -6.64% | -2.22% | - | +5.21% | +12.97% | +17.18% |
| Change | -21.46 | -10.62 | -3.55 | - | +8.33 | +20.74 | +27.47 |
| Level | Minor | Major | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.84 | 156.53 | 157.32 | 158.01 | 158.80 | 159.49 | 160.28 |
| Camarilla | 157.69 | 157.83 | 157.96 | 158.10 | 158.24 | 158.37 | 158.51 |
| Woodie | 155.88 | 156.55 | 157.36 | 158.04 | 158.84 | 159.51 | 160.32 |
| Fibonacci | 156.53 | 157.10 | 157.45 | 158.01 | 158.58 | 158.93 | 159.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.54 | 151.89 | 154.99 | 160.34 | 163.44 | 168.79 | 171.89 |
| Camarilla | 155.78 | 156.55 | 157.33 | 158.10 | 158.87 | 159.65 | 160.42 |
| Woodie | 145.43 | 151.33 | 153.88 | 159.78 | 162.32 | 168.23 | 170.77 |
| Fibonacci | 151.89 | 155.11 | 157.11 | 160.34 | 163.56 | 165.56 | 168.79 |
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): | 46.58 | |
| MACD (12,26,9): | -3.5600 | |
| Directional Movement: | -2.87 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 154.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 152.64 | |
| Elder Ray (13): | 0.57 | |
| Super Trend (3,10): | 163.97 | |
| Zig ZAG (10): | 159.91 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 64.84 | |
| TEMA (21): | 155.32 | |
| Williams %R (14): | -32.54 | |
| Chande Momentum Oscillator (20): | 8.84 | |
| Repulse (5,40,3): | 1.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5000 | |
| Courbe Coppock: | 2.20 |
| MA7: | 159.30 | |
| MA20: | 156.19 | |
| MA50: | 172.82 | |
| MA100: | 173.98 | |
| MAexp7: | 158.65 | |
| MAexp20: | 160.05 | |
| MAexp50: | 166.98 | |
| MAexp100: | 169.03 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +2.38% | |
| Price / MA50: | -7.47% | |
| Price / MA100: | -8.09% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -4.23% | |
| Price / MAexp100: | -5.40% |
News
Don"t forget to follow the news on ALIBABA GROUP HOLDING. At the time of publication of this analysis, the latest news was as follows:
- Thinking about buying stock in AMD, Arqule, Alibaba, Tesla, or Uber?
-
Alibaba Has Reportedly Filed Confidentially For A Hong Kong Listing
-
iCandy partners with Alibaba business unit 9Games
- Alibaba Group Announces Filing of Annual Report on Form 20-F for Fiscal Year 2019
- The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Alibaba Group Holding Limited -- BABA
This member declared not having a position on this financial instrument or a related financial instrument.
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