Alibaba stock: buy or sell

BABA stock price: $211.06 -0.58% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

1

Alibaba stock brief

  • Alibaba closed on Monday at $211.06 after scarcely changing a -0.58%.
  • From the chart point view, price is drawing an scaled downtrend since October 2020 with lower tops and lower bottoms. shares price lost a -33.90% since the downtrend started.
  • Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally.

Should I buy Alibaba stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BABA stock a buy?

Currently, Alibaba stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $BABA in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Alibaba stock?

How to know when is it time to sell Alibaba stock?. Trading strategies prevent us from making impulsive decisions based on our feelings or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow and are only applicable for selling shares in your porfolio, not for selling short Alibaba stock

As a rule of thumb, you should not mantain a trading operation that generates losses greater than those expected by the time of the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Alibaba stock?

In the current situation of Alibaba there is not any eligible sell setup, so Alibaba stock holders with operations in profit can keep their positions

Alibaba ratings

We don't have any rating published in the previous 30 days for Alibaba

Alibaba stock analysis

Alibaba accumulates a price drop of -33.90% since its latest peak October 2020 at $319.32. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 5 consecutive lower tops.

SMAs overview

BABA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $211.23 (0.08% above)
  • R2: $211.70 (0.30% above)
  • R3: $211.82 (0.36% above)
  • The current supports are:

  • S1: $204.39 (-3.16% below)
  • S2: $201.50 (-4.53% below)
  • S3: $199.50 (-5.48% below)
  • Bollinger bands

    The price is moving near to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    BABA stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold level of 30 in mid-May after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI reading on Monday was 42.11

    BABA stock RSI chart

    Alibaba stock price history

    Alibaba started trading priced at an adjusted price1 of $92.70 on Sep 2014. Since then, BABA stock has risen by 127.68%, with an average of 21.28% per year. If you had invested $1,000USD in Alibaba stock on the IPO, it would worth $2,276.81 today.

    1: Adjusted price after possible price splits or reverse-splits

    BABA stock price history chart

    Price target for Alibaba stock

    Nobody can predict how much a stock will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. If you are a small trader you shouldn't buy or sell based on these predictions.

    In the last month we couldn't find any price target posted for Alibaba stock.

    Earnings and financials

    In mid-May, Alibaba Group Holding Limited ($BABA) posted adjusted EPS for that worsened analysts' expectations. Quarterly EPS was $1.58 per share compared to the forecasted $1.78. This Q4 report represents an earnings surprise of -11.24%. On the contrary, reported sales were $28.6 billion, aligned with the market estimates.

    This compares to Earnings of $9.20 per share a year ago, so posted EPS is a reduction of -82.83%. Sales exploded a 63.93% on an annualized basis in the , from $1.1T to $1.9T last quarter.

    Alibaba ($BABA) is hosting the quarterly earnings call next August. Estimated for this quarter is $2.27, compared to $1.58 that was reported for Q4.

    Alibaba competitors

    Alibaba belongs to the Consumer Cyclical sector and the Internet Retail industry, which contain industry peers.

    Alibaba most relevant competitors are:

    Alibaba competitors
    CompanyMarket capRatingBullish ratings1
    Alibaba ($BABA) $655.6B
    Amazon ($AMZN) $1.6T Strong buy 4
    eBay ($EBAY) $38.0B Neutral 0
    Overstock.com ($OSTK) $3.3B Neutral 0

    1 In the last 30 days.

    Alibaba performance

    To better understand Alibaba stock performance you must compare its gains with other related stocks in same sector or industry.. For Alibaba, the benchmark is made against Amazon, eBay and Overstock.com.

    BABA performance compared
    Company1m3m6m
    Alibaba ($BABA) -1.90% -11.10% -20.00%
    Amazon ($AMZN) 7.50% 13.70% 7.30%
    eBay ($EBAY) 5.60% 5.90% 18.70%
    Overstock.com ($OSTK) 14.40% 12.00% 32.20%

    Please read:
    The opinions given in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the individual scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational reasons only

    Alibaba summary

    Monday, June 21st, 2021
    Open$210.55
    Close$211.06
    Day range$208.99 - $211.78
    Previous close$212.3
    Session gain-0.58%
    Average true range$3.77
    50d mov avg$221.86
    100d mov avg$232.87
    200d mov avg$252.33
    Earnings dateAugust 19th, 2021

    Frequently asked questions

    What is Alibaba stock symbol?

    Alibaba Group Holding Limited is a public company trading in the US stock market with the BABA symbol

    Is Alibaba stock a buy or sell?

    Alibaba had no ratings in the last four weeks Read the article to get additional tips on trading BABA stock.

    Will BABA go up?

    There were no forecasts issued by market analysts in the last 30 days for Alibaba.