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 02/25/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 248.30 USD

My targets

230.48 USD (-5.25%)

211.06 USD (-13.24%)

My analysis

ALIBABA GROUP HOLDING is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 248.30 USD. The next support located at 230.48 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 211.06 USD. Below this support, sellers could then target 199.48 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

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 sp3gibbs. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ALIBABA GROUP HOLDING rating 243.26 USD. The price registered a decrease of -2.83% on the session and was traded between 241.63 USD and 250.34 USD over the period. The price is currently at +0.67% from its lowest and -2.83% from its highest.

241.63

250.34

243.26

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of ALIBABA GROUP HOLDING indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

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

Near support of triangle

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	199.48	211.06	230.48	243.26	248.30	262.12	279.96
Change (%)	-18.00%	-13.24%	-5.25%	-	+2.07%	+7.75%	+15.09%
Change	-43.78	-32.20	-12.78	-	+5.04	+18.86	+36.70
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	244.39	246.25	248.29	250.15	252.19	254.05	256.09
Camarilla	249.27	249.63	249.98	250.34	250.70	251.06	251.41
Woodie	244.49	246.30	248.39	250.20	252.29	254.10	256.19
Fibonacci	246.25	247.74	248.66	250.15	251.64	252.56	254.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	247.22	254.78	259.18	266.74	271.14	278.70	283.10
Camarilla	260.30	261.40	262.49	263.59	264.69	265.78	266.88
Woodie	245.65	253.99	257.61	265.95	269.57	277.91	281.53
Fibonacci	254.78	259.35	262.17	266.74	271.31	274.13	278.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	177.37	198.73	226.28	247.64	275.19	296.55	324.10
Camarilla	240.38	244.86	249.35	253.83	258.31	262.80	267.28
Woodie	180.47	200.28	229.38	249.19	278.29	298.10	327.20
Fibonacci	198.73	217.41	228.96	247.64	266.32	277.87	296.55

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):	36.46
MACD (12,26,9):	-0.6800
Directional Movement:	-16.42
AROON (14):	-35.71
DEMA (21):	258.96
Parabolic SAR (0,02-0,02-0,2):	269.37
Elder Ray (13):	-11.85
Super Trend (3,10):	268.90
Zig ZAG (10):	243.32
VORTEX (21):	0.7700
Stochastique (14,3,5):	21.79
TEMA (21):	257.04
Williams %R (14):	-95.23
Chande Momentum Oscillator (20):	-19.57
Repulse (5,40,3):	-3.2100
ROCnROLL:	2
TRIX (15,9):	0.1700
Courbe Coppock:	4.52

MA7:	256.95
MA20:	261.64
MA50:	252.23
MA100:	268.68
MAexp7:	254.23
MAexp20:	258.33
MAexp50:	258.48
MAexp100:	260.04
Price / MA7:	-5.33%
Price / MA20:	-7.02%
Price / MA50:	-3.56%
Price / MA100:	-9.46%
Price / MAexp7:	-4.31%
Price / MAexp20:	-5.83%
Price / MAexp50:	-5.89%
Price / MAexp100:	-6.45%

Quotes : 2021-02-25 19:08:29 - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ALIBABA GROUP HOLDING at the time of the analysis were as follows:

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

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