Alibaba Group Holding Ltd (NYSE:BABA) Trading Outlook
ALIBABA GRP ADR closed down -0.350 at 74.760. Volume was 19% below average (neutral) and Bollinger Bands were 30% wider than normal.
Open High Low Close Volume___
74.530 75.490 74.460 74.760 12,367,296
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 77.55 82.23 91.30
Volatility: 45 30 37
Volume: 15,435,801 12,401,940 18,335,984
The current market condition for ALIBABA GRP ADR is:
Very Bearish
The close is currently Below it’s 200 period moving average.
The close is currently Below it’s 90 period moving average.
The close is currently Below it’s 30 period moving average.
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
ALIBABA GRP ADR is currently 18.1% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of BABA.K (mildly bearish). Our trend forecasting oscillators are currently bearish on BABA.K and have had this outlook for the last 10 periods.
HEFFX Candlestick Traders
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 18 white candles and 32 black candles for a net of 14 black candles.
An inverted hammer occurred. If this occurs during a downtrend (which appears to be the case with ALIBABA GRP ADR) it implies a reversal. Look for a confirmation of the reversal on the bar.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A shooting star occurred (a shooting star has a small real body near the bottom of the candle and a long upper shadow). During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
HEFFX Momentum Traders
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 34.0027. This is not an overbought or oversold reading. The last signal was a buy 8 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 34.86. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 1 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -123.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 7 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.
Alibaba Group Holding Limited, incorporated on June 28, 1999, is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology that enable businesses to operate and extend their reach to sell to consumers and businesses in the People’s Republic of China (the PRC) and internationally. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).
The Company offers cloud computing services, including elastic computing, database services and storage and computing services, for its platforms and the platforms of companies integral to its ecosystem, such as Alipay, to sellers on its marketplaces and other third-party customers, such as start-up companies in mobile applications and Internet gaming to corporations in entertainment, consumer electronics, financial services, mobile communications, healthcare and education. The Company also provides Internet infrastructure services, such as Web hosting and domain name registration. The Company, through Alipay, offers payment and escrow services for buyers and sellers, providing security, trust and convenience to its users. The Company’s affiliate, Alibaba Pictures, produces and distributes films and television programs. The Company’s other businesses consist primarily of the mobile Internet services provided by UCWeb and AutoNavi. UCWeb is mobile browser company. UCWeb also provides various mobile value-added services, including mobile search, application distribution and a mobile games platform. AutoNavi provides digital map, navigation and location-based services in China.
Taobao Marketplace
The Taobao Marketplace is a free platform for buyers to explore and discover products and sellers to establish a low-cost online presence. Users can access Taobao Marketplace anytime, anywhere through the Taobao Website, its Mobile Taobao Application and its mobile-optimized Website. Through individual online storefronts, sellers list their products and services and complete transactions with buyers.
Tmall
Tmall is an online platform featuring brands and retailers with each seller having an identifiable online storefront. Users can access Tmall anytime, anywhere through the Tmall Website and the mobile applications and mobile-optimized Websites provided by Taobao Marketplace and Tmall. Brands and retailers operate their own stores on the Tmall platform with identities, look and feel, enabling sellers to control their own branding and merchandising. As of March 31, 2015, there were over 140,000 brands on Tmall.
Juhuasuan Group Buying Marketplace
Juhuasuan is an online group buying marketplace. Juhuasuan is a marketplace that operates a distinct Website with its own brand identity among consumers. Juhuasuan offers distinct group buying channels featuring branded and private label products, products made to custom specifications and offline commerce.
1688.com
1688.com is an online wholesale marketplace. 1688.com offers membership packages for sellers to establish an online presence to market relevant product information to wholesale buyers involved in domestic trade in China. The Company has extended its business model to create a transaction platform on 1688.com to help wholesalers transact with buyers and the majority of buyers are merchants on its retail marketplaces. The majority of sellers on 1688.com are Chinese wholesalers, suppliers or distributors. 1688.com also acts as a wholesale channel for merchants doing business on the Company’s retail marketplaces to source products from domestic wholesalers.
AliExpress
AliExpress is a global consumer marketplace that enables consumers from around the world to buy directly from wholesalers and manufacturers in China. On AliExpress, consumers have access to a range of products. In addition to the English-language site, AliExpress operates 15 local language sites in countries like Russia, Brazil, Indonesia, Spain and France. Sellers primarily consist of small and medium-sized businesses located in China.
Alibaba.com
Alibaba.com is an online commerce platform. Alibaba.com is an English language wholesale platform focused on supporting global trade. Sellers on Alibaba.com pay for an annual Gold Supplier membership to host a storefront with product listings on the marketplace. Sellers also purchase an upgraded membership package to receive value added services, such as upgraded storefront management tools, P4P marketing services, higher rankings from keyword search, custom clearance, value added tax (VAT) refund and other import/export business solutions.
The Company competes with Tencent and Baidu.
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