BABA rallies 2.05% closing $4.24 higher


Alibaba Group (BABA) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
BABA rallies 2.05% closing $4.24 higher
BABA dominated by bulls lifting the market higher throughout the day
BABA ends the day on a bullish note closing near the high of the day
BABA pushes through previous session high
BABA rises to highest close since Inception
TQ Sentiment
Technical Forecast:
Overview

BABA ended Thursday at 210.86 surging $4.24 (2.05%). This is the biggest single day gain in over a week. Today's closing price of 210.86 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 209.65, the market confirms its breakout through the prior session's high having traded $1.47 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for BABA
Volatility

Thursday's trading range was $3.61 (1.74%), that's slightly below last trading month's daily average range of $4.00. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.

Support/Resistance

Prices are trading close to the key resistance level at 211.70.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Selling might accelerate should prices move below the nearby swing low at 206.60 where further sell stops could get activated.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Alibaba Group
ConditionForecastDirectionWinAvgWorstBest
Close to R1 Resistance TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

BABA closes within previous day's range

Jun 18, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Alibaba Group traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 516.2820.92 4.22%
BTCUSD 6,707.49240.41 3.72%
CRUDE 65.681.45 2.26%
EURUSD 1.16230.0014 0.12%
TBOND 143.7190.031 0.02%
FTSE 7,631.33-2.57 -0.03%
NDX 7,251.41-4.35 -0.06%
USDJPY 110.55-0.11 -0.10%
GOLD 1,280.6-1.4 -0.11%
SPX 2,773.87-5.55 -0.20%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.48 -1.09
-1.09%
ACN 10 day candlestick chart for ACN162.88 -0.60
-0.37%
ADBE 10 day candlestick chart for ADBE255.69 3.87
1.54%
AAP 10 day candlestick chart for AAP138.24 1.08
0.79%
AES 10 day candlestick chart for AES13.07 0.00
0.00%
AET 10 day candlestick chart for AET186.95 -2.55
-1.35%
AFL 10 day candlestick chart for AFL45.17 -0.58
-1.27%
AMG 10 day candlestick chart for AMG153.00 -2.81
-1.80%
A 10 day candlestick chart for A64.97 -1.16
-1.75%
ABT 10 day candlestick chart for ABT62.82 -0.09
-0.14%