ALIBABA GROUP HOLDING

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	BABA
ISIN:

ALIBABA GROUP HOLDING - Daily - Technical analysis published on 05/09/2022 (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

28%

44%

28%

My opinion

Bearish under 99.28 USD

My targets

79.61 USD (-8.25%)

76.76 USD (-11.54%)

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 99.28 USD. The sellers' bearish objective is set at 79.61 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 76.76 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

6.6

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 86.77 USD. On the day, this instrument lost -3.64% and was between 84.52 USD and 88.60 USD. This implies that the price is at +2.66% from its lowest and at -2.07% from its highest.

84.52

88.60

86.77

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

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, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ALIBABA GROUP HOLDING indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Downside gap

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	76.76	86.77	111.95	137.85	158.22
Change (%)	-11.54%	-	+29.02%	+58.87%	+82.34%
Change	-10.01	-	+25.18	+51.08	+71.45
Level	Major	-	Major	Minor	Minor

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	82.74	85.72	87.89	90.87	93.04	96.02	98.19
Camarilla	88.63	89.11	89.58	90.05	90.52	90.99	91.47
Woodie	82.33	85.52	87.48	90.67	92.63	95.82	97.78
Fibonacci	85.72	87.69	88.91	90.87	92.84	94.06	96.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.96	79.84	84.94	93.82	98.92	107.80	112.90
Camarilla	86.21	87.49	88.77	90.05	91.33	92.61	93.90
Woodie	69.08	78.90	83.06	92.88	97.04	106.86	111.02
Fibonacci	79.84	85.18	88.48	93.82	99.16	102.46	107.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.46	62.13	79.61	99.28	116.76	136.43	153.91
Camarilla	86.87	90.28	93.69	97.09	100.50	103.90	107.31
Woodie	41.37	61.58	78.52	98.73	115.67	135.88	152.82
Fibonacci	62.13	76.32	85.09	99.28	113.47	122.24	136.43

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.42
MACD (12,26,9):	-2.8800
Directional Movement:	-13.38
AROON (14):	28.57
DEMA (21):	91.12
Parabolic SAR (0,02-0,02-0,2):	84.28
Elder Ray (13):	-7.21
Super Trend (3,10):	84.58
Zig ZAG (10):	86.74
VORTEX (21):	0.7000
Stochastique (14,3,5):	39.99
TEMA (21):	91.23
Williams %R (14):	-76.98
Chande Momentum Oscillator (20):	0.81
Repulse (5,40,3):	-2.3600
ROCnROLL:	2
TRIX (15,9):	-0.4800
Courbe Coppock:	1.80

MA7:	95.96
MA20:	93.37
MA50:	100.16
MA100:	110.89
MAexp7:	92.80
MAexp20:	95.17
MAexp50:	101.49
MAexp100:	113.02
Price / MA7:	-9.58%
Price / MA20:	-7.07%
Price / MA50:	-13.37%
Price / MA100:	-21.75%
Price / MAexp7:	-6.48%
Price / MAexp20:	-8.81%
Price / MAexp50:	-14.48%
Price / MAexp100:	-23.21%

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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