AHLA Technical Analysis - ALIBABA GROUP HOLDING-SP ADR

Technical Rating and Analysis

Taking everything into account, AHLA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AHLA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that AHLA is one of the better performing stocks in the market, outperforming 95% of all stocks.

AHLA is one of the better performing stocks in the Broadline Retail industry, it outperforms 100% of 15 stocks in the same industry.

AHLA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month AHLA has a been trading in the 113.20 - 153.40 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALIBABA GROUP HOLDING-SP ADR / AHLA Weekly stock chart

ALIBABA GROUP HOLDING-SP ADR / AHLA Daily stock chart

Setup Rating and Analysis

Although AHLA has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

88.11

147.86

When analyzing the support we can see 3 important areas.

A support zone ranging from 93.45 to 94.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @90.60 from a horizontal line in the weekly time frame.
Support @89.00 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for AHLA.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AHLA.DE is up.
ChartMill Relative Strength	95.21	POSITIVE	AHLA.DE has a high relative strength, it outperformed 95.21% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AHLA.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AHLA.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AHLA.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	73.2	OVERBOUGHT	The high RSI value suggests AHLA.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.26	POSITIVE	The MACD value suggests AHLA.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	87.43	OVERBOUGHT	The high Stochastics value suggests AHLA.DE may be overbought.
Average True Range in percent/ATR (20)	3.3	MEDIUM VOLATILITY	The ATR as a percentage value for AHLA.DE suggests some volalility.
Average Directional Index/ADX (14)	41.73	POSITIVE	The high ADX value value for AHLA.DE suggests a strong trend.