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Takip Edin: @UscMarketsBABAF Stock Forecast & Alibaba Group Holding Chart Analysis
This article provides a detailed analysis of BABAF-Alibaba Group Holding stock including a forecast for BABAF 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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BABAF Historical Data Review
BABAF Current Price Performance Analysis
The Alibaba Group Holding - BABAF stock traded on the American stock market, on 06-05-2024, closed at 10.0$ with a %2.04 increased compared to the previous day.
In the last month, the price of BABAF changed by %-3.38 decreased in value, from 10.35 dollars on 05-06-2024 to 10.0 dollars, decreased.
Last year, the price of BABAF was 10.95 dollars on 06-06-2023, and changed by %-8.68 decreased in value, to 10.0 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.
BABAF with AI Stock Forecast & Price Target
On the BABAF chart Alibaba Group Holding price was recorded as 10.0 Dollars on 06/05/2024.
The artificial intelligence's forecast on BABAF stock is as follows.
The artificial intelligence's prediction error margin for BABAF stock is moderate.
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: 8.5 Dollars.
The commentary on BABAF stock Target Price: Highest: 9.517 Dollars is predicted.
The commentary on BABAF stock Target Price: Lowest: 7.462 Dollars is predicted.
Resistance Price where Alibaba Group Holding stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 12-27-2024 | 8.984 |
| 02-20-2025 | 9.109 |
Support Price where Alibaba Group Holding stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 8.018 |
| 10-18-2024 | 8.193 |
| 01-21-2025 | 8.584 |
The commentary on BABAF stock: The target price can generally be said to be on the decline.
The commentary on BABAF 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 8.984 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on BABAF stock, and the 2024 target price predictions for Alibaba Group Holding are detailed above.
The technical analysis and charts for the commentary on BABAF stock are below.
BABAF Support & Resistance and Trend Analysis
BABAF stock you have reviewed the technical analysis support resistance charts regarding.
BABAF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the BABAF 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:
| BABAF Support Level Price | BABAF Resistance Level Price |
|---|---|
| 8.08 | 9.50 |
| 8.39 | 9.65 |
| 8.41 | 9.68 |
| 8.53 | 9.70 |
| 8.66 | 9.94 |
| 8.71 | 10.00 |
| 8.80 | 11.04 |
| 8.83 | 11.20 |
| 9.16 | |
| 9.25 | |
| 9.45 |
BABAF Technical Analysis: SMA, RSI, MACD
Upon reviewing the BABAF 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 BABAF stock are as follows:- 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.
You have read the comments, technical analyses, target prices, and financial reports for Alibaba Group Holding stock: Click here to read more predictions on Intuit stock.
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