The technical analysis for BABA is somewhat bearish. There isn't a lot of conviction here so be careful when entering a trade.
Currently, BABA is trading at $174.61.
Levels from above include:
174.79 from gaps 176.20 from gaps 177.00 from gaps 178.16 from volume profile over the past 14 periods 178.90 from volume profile over the past 14 periods 179.53 from volume profile over the past 14 periods 180.38 from volume profile over the past 14 periods 181.95 from gaps 182.38 from volume profile over the past 14 periods 182.90 from gaps
We will find support from levels from below including:
174.20 from gaps 173.85 from gaps 172.41 from gaps 172.05 from gaps 171.29 from gaps 170.77 from gaps 169.85 from gaps 165.39 from highs and lows over the past 14 periods
As for Technical Analysis we have the following. Volatility is slightly higher than usual, but not to an extreme. An RSI value of 43 suggests that we are in bear mode but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. The 50 period SMA indicates that we are in a bear trend. Furthermore, We are well below the 100 period SMA, which suggests that we are oversold. Finally, the SMA(50) is below the SMA(100), a long term bearish confirmation. The ADX suggests that BABA is ranging.
Currently, BABA is well above the lower bound of the Kovach Reversals Indicator, at 169. This should provide support. The central moving average of the KRI will provide resistance at 178, if needed.