ALIBABA GROUP HOLDING

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BABA
ISIN:

ALIBABA GROUP HOLDING - Daily - Technical analysis published on 10/19/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

89%

11%

My opinion

Bullish above 157.96 USD

My targets

176.82 USD (+1.90%)

203.08 USD (+17.04%)

My analysis

The strong short-term increase in ALIBABA GROUP HOLDING calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 157.96 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 176.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 203.08 USD as an objective. Crossing it would then enable buyers to target 229.96 USD. Caution, a return under 157.96 USD could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.2

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ALIBABA GROUP HOLDING price is 173.52 USD. The price has increased by +4.02% since the last closing with the lowest point at 170.45 USD and the highest point at 174.04 USD. The deviation from the price is +1.80% for the low point and -0.30% for the high point.

170.45

174.04

173.52

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of ALIBABA GROUP HOLDING in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	131.16	157.96	173.52	176.82	229.96	244.01
Change (%)	-24.41%	-8.97%	-	+1.90%	+32.53%	+40.62%
Change	-42.36	-15.56	-	+3.30	+56.44	+70.49
Level	Major	Intermediate	-	Intermediate	Major	Intermediate

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	163.18	164.88	165.85	167.55	168.52	170.22	171.19
Camarilla	166.09	166.33	166.58	166.82	167.07	167.31	167.55
Woodie	162.82	164.70	165.49	167.37	168.16	170.04	170.83
Fibonacci	164.88	165.90	166.53	167.55	168.57	169.20	170.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	156.00	159.12	163.56	166.68	171.12	174.24	178.68
Camarilla	165.92	166.61	167.31	168.00	168.69	169.39	170.08
Woodie	156.66	159.45	164.22	167.01	171.78	174.57	179.34
Fibonacci	159.12	162.01	163.79	166.68	169.57	171.35	174.24

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.86	123.15	135.60	156.89	169.34	190.63	203.08
Camarilla	138.77	141.86	144.96	148.05	151.14	154.24	157.33
Woodie	97.44	120.94	131.18	154.68	164.92	188.42	198.66
Fibonacci	123.15	136.04	144.00	156.89	169.78	177.74	190.63

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):	64.17
MACD (12,26,9):	1.9200
Directional Movement:	18.30
AROON (14):	78.57
DEMA (21):	161.14
Parabolic SAR (0,02-0,02-0,2):	149.09
Elder Ray (13):	9.98
Super Trend (3,10):	155.50
Zig ZAG (10):	173.85
VORTEX (21):	1.0500
Stochastique (14,3,5):	94.44
TEMA (21):	168.14
Williams %R (14):	-1.46
Chande Momentum Oscillator (20):	29.28
Repulse (5,40,3):	1.8400
ROCnROLL:	1
TRIX (15,9):	-0.1500
Courbe Coppock:	24.75

MA7:	167.06
MA20:	155.24
MA50:	163.54
MA100:	186.88
MAexp7:	166.28
MAexp20:	160.63
MAexp50:	166.99
MAexp100:	182.69
Price / MA7:	+3.87%
Price / MA20:	+11.78%
Price / MA50:	+6.10%
Price / MA100:	-7.15%
Price / MAexp7:	+4.35%
Price / MAexp20:	+8.02%
Price / MAexp50:	+3.91%
Price / MAexp100:	-5.02%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on ALIBABA GROUP HOLDING at the time of the generation of this analysis was as follows:

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

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