BABA Technical Analysis - ALIBABA GROUP HOLDING-SP ADR

Technical Rating and Analysis

Taking everything into account, BABA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BABA 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.

BABA is one of the better performing stocks in the Broadline Retail industry, it outperforms 92% of 28 stocks in the same industry.

BABA 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 BABA has a been trading in the 143.23 - 192.67 range, which is quite wide. It is currently trading near the high of this range.

BABA has an average volume of 18989700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, BABA did better than 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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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 / BABA Weekly stock chart

ALIBABA GROUP HOLDING-SP ADR / BABA Daily stock chart

Setup Rating and Analysis

Although BABA has an excellent technical rating, it does not present a decent entry opportunity 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

106.65

189.09

We found 4 important support areas.

Support @132.35 from a trend line in the daily time frame.
Support @119.81 from a trend line in the weekly time frame.
Support @115.67 from a trend line in the daily time frame.
Support @107.73 from a horizontal line in the weekly 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 BABA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BABA is up.
ChartMill Relative Strength	94.07	POSITIVE	BABA has a high relative strength, it outperformed 94.07% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BABA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BABA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BABA is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.73	OVERBOUGHT	The high RSI value suggests BABA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.97	POSITIVE	The MACD value suggests BABA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	86.71	OVERBOUGHT	The high Stochastics value suggests BABA may be overbought.
Average True Range in percent/ATR (20)	3.35	MEDIUM VOLATILITY	The ATR as a percentage value for BABA suggests some volalility.
Average Directional Index/ADX (14)	51.47	POSITIVE	The high ADX value value for BABA suggests a strong trend.