ALIBABA GROUP HOLDING - 1H - Technical analysis published on 11/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
67%
11%
22%
My opinion
Bullish above 261.58 USD
My targets
277.89 USD (+2.69%)
285.57 USD (+5.53%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ALIBABA GROUP HOLDING as long as the price remains well above 261.58 USD. The buyers” bullish objective is set at 277.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 285.57 USD. If there is any crossing, the next objective would be the resistance located at 292.39 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.6
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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 270.60 USD. The price registered a decrease of -0.05% on the session and was between 266.41 USD and 275.73 USD. This implies that the price is at +1.57% from its lowest and at -1.86% from its highest.266.41
275.73
270.60
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALIBABA GROUP HOLDING:
Technical
Technical analysis of ALIBABA GROUP HOLDING in 1H shows a neutral overall trend. This indecision could turn into a bullish trend 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.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 230.48 | 248.30 | 261.58 | 270.60 | 285.57 | 292.39 | 298.00 |
| Change (%) | -14.83% | -8.24% | -3.33% | - | +5.53% | +8.05% | +10.13% |
| Change | -40.12 | -22.30 | -9.02 | - | +14.97 | +21.79 | +27.40 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 253.83 | 257.87 | 264.30 | 268.34 | 274.77 | 278.81 | 285.24 |
| Camarilla | 267.86 | 268.82 | 269.78 | 270.74 | 271.70 | 272.66 | 273.62 |
| Woodie | 255.04 | 258.47 | 265.51 | 268.94 | 275.98 | 279.41 | 286.45 |
| Fibonacci | 257.87 | 261.87 | 264.34 | 268.34 | 272.34 | 274.81 | 278.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 238.25 | 245.40 | 258.07 | 265.22 | 277.89 | 285.04 | 297.71 |
| Camarilla | 265.29 | 267.11 | 268.92 | 270.74 | 272.56 | 274.37 | 276.19 |
| Woodie | 241.01 | 246.78 | 260.83 | 266.60 | 280.65 | 286.42 | 300.47 |
| Fibonacci | 245.40 | 252.97 | 257.65 | 265.22 | 272.79 | 277.47 | 285.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 252.17 | 268.52 | 286.61 | 302.96 | 321.05 | 337.40 | 355.49 |
| Camarilla | 295.22 | 298.38 | 301.53 | 304.69 | 307.85 | 311.00 | 314.16 |
| Woodie | 253.03 | 268.96 | 287.47 | 303.40 | 321.91 | 337.84 | 356.35 |
| Fibonacci | 268.52 | 281.68 | 289.81 | 302.96 | 316.12 | 324.25 | 337.40 |
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): | 68.64 | |
| MACD (12,26,9): | 3.2200 | |
| Directional Movement: | 17.11 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 269.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 275.54 | |
| Elder Ray (13): | 3.30 | |
| Super Trend (3,10): | 264.39 | |
| Zig ZAG (10): | 269.80 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 69.43 | |
| TEMA (21): | 272.22 | |
| Williams %R (14): | -33.08 | |
| Chande Momentum Oscillator (20): | 8.86 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 9.65 |
| MA7: | 261.91 | |
| MA20: | 282.11 | |
| MA50: | 287.62 | |
| MA100: | 274.90 | |
| MAexp7: | 269.53 | |
| MAexp20: | 265.91 | |
| MAexp50: | 265.40 | |
| MAexp100: | 272.27 | |
| Price / MA7: | +3.32% | |
| Price / MA20: | -4.08% | |
| Price / MA50: | -5.92% | |
| Price / MA100: | -1.56% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +1.76% | |
| Price / MAexp50: | +1.96% | |
| Price / MAexp100: | -0.61% |
Quotes :
2020-11-23 17:19:17
-
15 min delayed data
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NYSE Stocks
News
The last news published on ALIBABA GROUP HOLDING at the time of the generation of this analysis was as follows:
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Alibaba Group Holding Limited - BABA Stock Chart Technical Analysis for 11-20-2020
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Alibaba Group Holding Limited - BABA Stock Chart Technical Analysis for 11-19-2020
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Alibaba Group Holding Limited - BABA Stock Chart Technical Analysis for 11-18-2020
- BABA CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited
-
Alibaba Group Holding Limited - BABA Stock Chart Technical Analysis for 11-13-2020
This member declared not having a position on this financial instrument or a related financial instrument.
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