ALIBABA GROUP HOLDING - Daily - Technical analysis published on 09/25/2019 (GMT)
- Who voted?
- 254
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Neutral between 168.24 USD and 178.55 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on ALIBABA GROUP HOLDING. It is difficult to advise a trading direction under these conditions. The first resistance is located at 178.55 USD. The first support is located at 168.24 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALIBABA GROUP HOLDING rating is 173.18 USD. The price has increased by +0.95% since the last closing and was traded between 171.72 USD and 174.04 USD over the period. The price is currently at +0.85% from its lowest and -0.49% from its highest.171.72
174.04
173.18
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 slightly bullish. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 139.09 | 149.26 | 168.24 | 173.18 | 178.55 | 187.32 | 195.21 |
| Change (%) | -19.68% | -13.81% | -2.85% | - | +3.10% | +8.16% | +12.72% |
| Change | -34.09 | -23.92 | -4.94 | - | +5.37 | +14.14 | +22.03 |
| Level | Minor | Major | Major | - | Major | 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 | 160.55 | 165.92 | 168.74 | 174.11 | 176.93 | 182.30 | 185.12 |
| Camarilla | 169.30 | 170.05 | 170.80 | 171.55 | 172.30 | 173.05 | 173.80 |
| Woodie | 159.27 | 165.28 | 167.46 | 173.47 | 175.65 | 181.66 | 183.84 |
| Fibonacci | 165.92 | 169.05 | 170.99 | 174.11 | 177.24 | 179.18 | 182.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.45 | 171.91 | 177.21 | 180.67 | 185.97 | 189.43 | 194.73 |
| Camarilla | 180.10 | 180.90 | 181.71 | 182.51 | 183.31 | 184.12 | 184.92 |
| Woodie | 169.37 | 172.37 | 178.13 | 181.13 | 186.89 | 189.89 | 195.65 |
| Fibonacci | 171.91 | 175.26 | 177.32 | 180.67 | 184.02 | 186.08 | 189.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.37 | 141.61 | 158.32 | 168.56 | 185.27 | 195.51 | 212.22 |
| Camarilla | 167.62 | 170.09 | 172.56 | 175.03 | 177.50 | 179.97 | 182.44 |
| Woodie | 134.61 | 143.23 | 161.56 | 170.18 | 188.51 | 197.13 | 215.46 |
| Fibonacci | 141.61 | 151.91 | 158.27 | 168.56 | 178.86 | 185.22 | 195.51 |
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): | 47.58 | |
| MACD (12,26,9): | 1.4900 | |
| Directional Movement: | -6.10 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 177.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 183.48 | |
| Elder Ray (13): | -3.44 | |
| Super Trend (3,10): | 171.02 | |
| Zig ZAG (10): | 173.04 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 18.57 | |
| TEMA (21): | 177.93 | |
| Williams %R (14): | -86.13 | |
| Chande Momentum Oscillator (20): | -4.70 | |
| Repulse (5,40,3): | -4.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 3.55 |
| MA7: | 177.55 | |
| MA20: | 176.23 | |
| MA50: | 172.02 | |
| MA100: | 168.94 | |
| MAexp7: | 175.93 | |
| MAexp20: | 175.61 | |
| MAexp50: | 172.98 | |
| MAexp100: | 171.40 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | -1.73% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +2.51% | |
| Price / MAexp7: | -1.56% | |
| Price / MAexp20: | -1.38% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +1.04% |
News
The last news published on ALIBABA GROUP HOLDING at the time of the generation of this analysis was as follows:
- Alibaba Cloud Spurs Industry Innovation for China Gateway Customers
- Avnet Expands E-commerce Strategy in China with Alibaba
- Alibaba Unveils Five-Year Goals for China Consumer Business
- Alibaba Group Receives 33% Equity Interest in Ant Financial
- Tapestry Announces Strategic Alliance With Alibaba’s Tmall; Continues to Drive Digitial Innovation in China
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ALIBABA GROUP HOLDING - Daily