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Takip Edin: @UscMarketsBABA Stock Forecast & Alibaba Group Holding Chart Analysis
This article provides a detailed analysis of BABA-Alibaba Group Holding stock including a forecast for BABA shares. It features Alibaba Group Holding Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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BABA Historical Data Review
BABA Current Price Performance Analysis
The Alibaba Group Holding - BABA stock traded on the American stock market, on 06-05-2024, closed at 79.83$ with a %1.76 increased compared to the previous day.
In the last month, the price of BABA changed by %-2.11 decreased in value, from 81.55 dollars on 05-06-2024 to 79.83 dollars, decreased.
Last year, the price of BABA was 86.7 dollars on 06-06-2023, and changed by %-7.92 decreased in value, to 79.83 dollars decreased within a year.
The price of Alibaba Group Holding stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
BABA with AI Stock Forecast & Price Target
On the BABA chart Alibaba Group Holding price was recorded as 79.83 Dollars on 06/05/2024.
The artificial intelligence's forecast on BABA stock is as follows.
The artificial intelligence's prediction error margin for BABA stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Alibaba Group Holding stock over the next 4 months is: 61.7 Dollars.
The commentary on BABA stock Target Price: Highest: 75.394 Dollars is predicted.
The commentary on BABA stock Target Price: Lowest: 52.521 Dollars is predicted.
Resistance Price where Alibaba Group Holding stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-18-2024 | 63.337 |
| 12-27-2024 | 63.476 |
| 02-20-2025 | 63.313 |
Support Price where Alibaba Group Holding stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 59.900 |
| 10-23-2024 | 59.385 |
| 01-21-2025 | 60.402 |
The commentary on BABA stock: The target price can generally be said to be on the decline.
The commentary on BABA stock: Fluctuations in the target price can be expected in the coming days.
The target price for Alibaba Group Holding stock by the end of 2024 is predicted to be 63.476 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on BABA stock, and the 2024 target price predictions for Alibaba Group Holding are detailed above.
The technical analysis and charts for the commentary on BABA stock are below.
BABA Support & Resistance and Trend Analysis
BABA stock you have reviewed the technical analysis support resistance charts regarding.
BABA : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the BABA review, the Alibaba Group Holding support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Alibaba Group Holding Support and Resistance Prices:
| BABA Support Level Price | BABA Resistance Level Price |
|---|---|
| 66.63 | 75.43 |
| 68.36 | 77.45 |
| 70.00 | 77.79 |
| 70.08 | 78.05 |
| 70.58 | 78.34 |
| 71.04 | 87.83 |
| 76.56 | 90.46 |
| 77.17 | |
| 77.72 |
BABA Technical Analysis: SMA, RSI, MACD
Upon reviewing the BABA chart, buy and sell signals have been generated in the Alibaba Group Holding technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for BABA stock are as follows:- The technical analysis for BABA indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Alibaba Group Holding indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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