ALIBABA GROUP HOLDING - 1H - Technical analysis published on 12/07/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 128.11 USD
My targets
120.88 USD (-2.20%)
118.40 USD (-4.20%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ALIBABA GROUP HOLDING. As long as you are under the resistance located at 128.11 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 120.88 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 118.40 USD as an objective. Crossing it would then enable sellers to target 108.70 USD. If the resistance 128.11 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALIBABA GROUP HOLDING rating is 123.60 USD. The price registered an increase of +10.40% on the session with the lowest point at 113.43 USD and the highest point at 123.82 USD. The deviation from the price is +8.97% for the low point and -0.18% for the high point.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
Here is a more detailed summary of the historical variations registered by ALIBABA GROUP HOLDING:
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 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 108.70 | 120.88 | 123.60 | 131.16 | 136.76 | 158.47 |
| Change (%) | -12.06% | -2.20% | - | +6.12% | +10.65% | +28.21% |
| Change | -14.90 | -2.72 | - | +7.56 | +13.16 | +34.87 |
| Level | Major | Minor | - | Intermediate | Minor | 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 | 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): | 56.87 | |
| MACD (12,26,9): | -1.0400 | |
| Directional Movement: | 3.28 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 117.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.76 | |
| Elder Ray (13): | 3.09 | |
| Super Trend (3,10): | 115.16 | |
| Zig ZAG (10): | 123.60 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 94.77 | |
| TEMA (21): | 119.93 | |
| Williams %R (14): | -1.46 | |
| Chande Momentum Oscillator (20): | 9.85 | |
| Repulse (5,40,3): | 2.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 1.35 |
| MA7: | 124.65 | |
| MA20: | 144.04 | |
| MA50: | 154.92 | |
| MA100: | 166.85 | |
| MAexp7: | 120.86 | |
| MAexp20: | 120.10 | |
| MAexp50: | 125.32 | |
| MAexp100: | 134.39 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -14.19% | |
| Price / MA50: | -20.22% | |
| Price / MA100: | -25.92% | |
| Price / MAexp7: | +2.27% | |
| Price / MAexp20: | +2.91% | |
| Price / MAexp50: | -1.37% | |
| Price / MAexp100: | -8.03% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ALIBABA GROUP HOLDING. At the time of publication of this analysis, the latest news was as follows:
- Alibaba Group Announces CFO Succession
- Alibaba Group Announces September Quarter 2021 Results
- Alibaba 2021 11.11 Global Shopping Festival Delivers Steady Growth
- International Trade Centre & Alibaba.com join forces to support MSMEs in developing countries to succeed online
- Alibaba Group Will Announce September Quarter 2021 Results on November 18, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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