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 12/07/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 131.16 USD

My targets

111.81 USD (-9.54%)

96.08 USD (-22.26%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALIBABA GROUP HOLDING as long as the price remains well below 131.16 USD. The sellers' bearish objective is set at 111.81 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 96.08 USD. In case of crossing, the next objective would be the support located at 66.04 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.3

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

Additional analysis

Quotes

The ALIBABA GROUP HOLDING price is 123.60 USD. The price registered an increase of +10.40% on the session and was traded between 113.43 USD and 123.82 USD over the period. The price is currently at +8.97% from its lowest and -0.18% from its highest.

113.43

123.82

123.60

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ALIBABA GROUP HOLDING in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	123.60	131.16	158.47	177.36
Change (%)	-	+6.12%	+28.21%	+43.50%
Change	-	+7.56	+34.87	+53.76
Level	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.36	109.89	116.75	120.28	127.14	130.67	137.53
Camarilla	120.74	121.70	122.65	123.60	124.55	125.51	126.46
Woodie	108.02	110.72	118.41	121.11	128.80	131.50	139.19
Fibonacci	109.89	113.86	116.31	120.28	124.25	126.70	130.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.41	92.55	102.26	118.40	128.11	144.25	153.96
Camarilla	104.85	107.22	109.59	111.96	114.33	116.70	119.07
Woodie	73.19	90.94	99.04	116.79	124.89	142.64	150.74
Fibonacci	92.55	102.43	108.53	118.40	128.28	134.38	144.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.04	96.08	111.81	141.85	157.58	187.62	203.35
Camarilla	114.94	119.14	123.33	127.53	131.73	135.92	140.12
Woodie	58.88	92.50	104.65	138.27	150.42	184.04	196.19
Fibonacci	96.08	113.57	124.37	141.85	159.34	170.14	187.62

Numerical data

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

Technical indicators

Moving averages

RSI (14):	33.58
MACD (12,26,9):	-11.6300
Directional Movement:	-29.79
AROON (14):	-85.72
DEMA (21):	125.16
Parabolic SAR (0,02-0,02-0,2):	131.08
Elder Ray (13):	-13.78
Super Trend (3,10):	133.35
Zig ZAG (10):	123.60
VORTEX (21):	0.6400
Stochastique (14,3,5):	11.64
TEMA (21):	117.41
Williams %R (14):	-75.67
Chande Momentum Oscillator (20):	-37.98
Repulse (5,40,3):	4.1300
ROCnROLL:	2
TRIX (15,9):	-0.8000
Courbe Coppock:	46.82

MA7:	124.65
MA20:	144.04
MA50:	154.92
MA100:	166.85
MAexp7:	124.98
MAexp20:	138.94
MAexp50:	152.57
MAexp100:	167.08
Price / MA7:	-0.84%
Price / MA20:	-14.19%
Price / MA50:	-20.22%
Price / MA100:	-25.92%
Price / MAexp7:	-1.10%
Price / MAexp20:	-11.04%
Price / MAexp50:	-18.99%
Price / MAexp100:	-26.02%

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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