Alibaba stock: buy or sell

BABA stock price: $229.44 -0.19% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Alibaba stock brief

  • Counting on Wednesday, it's been 7 consecutive sessions in negative for Alibaba. Price closed on Wednesday at $229.44 after only moving a -0.19%.
  • KeyCorp and Raymond James published hold ratings for Alibaba last Monday, with an average forecast of $317.50
  • 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 $BABA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Alibaba stock?

When you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Trading strategies allow us to avoid impetuous decisions based on our personal feelings or the noise surrounding the market. When selling, as well as buying, detailed strategies are very simple to follow but are only applicable for selling shares in your porfolio, not for selling short $BABA stock

As a golden rule, you should not keep an operation that generates greater losses than those expected upon the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Alibaba stock?

Currently, Alibaba stock doesn't match any of our preferred sell setups, so if you own Alibaba shares and your operation is in profit probably is not time to sell now

Alibaba ratings

In the last 30 days, 15 ratings were published for Alibaba. General sentiment is bullish, with 12 out of 15 posting positive forecasts

Alibaba analysts' ratings - Last 30 days
Brokerage firmRating
Mar 25th, 2021
Truist Securities Strong buy
Mar 26th, 2021
Macquarie Buy
Apr 1st, 2021
Macquarie Buy
Apr 2nd, 2021
CICC Research Buy
Apr 9th, 2021
Benchmark Strong buy
Citigroup Neutral
Morgan Stanley Buy
Needham & Company LLC Strong buy
Apr 12th, 2021
CLSA Strong buy
KeyCorp Buy
Raymond James Neutral
Apr 15th, 2021
Benchmark Strong buy
Morgan Stanley Buy
Apr 19th, 2021
KeyCorp Buy
Raymond James Neutral

Alibaba stock analysis

SMAs overview

BABA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $231.14 (0.74% above)
  • R2: $240.74 (4.93% above)
  • R3: $245.69 (7.08% above)
  • The current support levels are:

  • S1: $226.70 (-1.19% below)
  • S2: $221.16 (-3.61% below)
  • S3: $220.42 (-3.93% below)
  • Bollinger bands

    Since the price surpassed the upper band on April 12, the price has corrected downwards by 6.32%

    BABA stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    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 surged by 147.51%, with an average of 24.59% per year. If you had invested thousand dollars in Alibaba stock on Sep 2014, it would have a value of $2,475.08 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 share will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price forecasts posted by brokerage institutions in the last month. Again, these forecasts are not direct recommendations for individual investors and must not be trusted blindly.

    Averaging all price targets exposed below, the predicted price for Alibaba stock is $330.14. That is a 43.89% than the last price ($229.44).

    Alibaba stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Truist Securities $326.00$330.00
    Mar 26th, 2021
    Macquarie $421.00$407.00
    Apr 1st, 2021
    Macquarie $421.00$407.00
    Apr 2nd, 2021
    CICC Research Not available
    Apr 9th, 2021
    Benchmark $315.00$310.00
    Citigroup $345.00$338.00
    Morgan Stanley $320.00$300.00
    Needham & Company LLC $330.00
    Apr 12th, 2021
    CLSA $351.00$320.00
    KeyCorp $315.00$305.00
    Raymond James $350.00$330.00
    Apr 15th, 2021
    Benchmark $315.00$310.00
    Morgan Stanley $320.00$300.00
    Apr 19th, 2021
    KeyCorp $315.00$305.00
    Raymond James $350.00$330.00

    Earnings and financials

    Last February, Alibaba ($BABA) had the quarterly financial call and presented the report. Alibaba surpassed Wall St estimates and presented of $3.38, that is a 4.00% improvement compared to the initial forecasts of $3.25. However, reported sales of $33.9 billion were in line with consensus forecasts.

    By comparison, the EPS for the same quarter last year was $18.19, so posted EPS is a drop of -81.42%. Revenue skyrocketed a 36.93% on an annualized basis in the , from $1.6T to $2.2T last quarter.

    Alibaba ($BABA) is hosting the quarterly earnings call mid next May. Market analysts analysts expect of $1.78, that is a 47.34% less than previous quarter.

    Alibaba competitors

    Alibaba is classified inside the Internet Retail industry, where it has industry peers.

    Alibaba major competitors are:

    Alibaba competitors
    CompanyMarket capRatingBullish ratings1
    Alibaba ($BABA) $655.6B Buy 12
    Amazon ($AMZN) $1.6T Strong buy 6
    eBay ($EBAY) $38.0B Buy 1
    Overstock.com ($OSTK) $3.3B Buy 2

    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 ($BABA) -3.30% -13.10% -25.40%
    Amazon ($AMZN) 8.70% 4.80% 1.10%
    eBay ($EBAY) 3.10% 8.20% 10.20%
    Overstock.com ($OSTK) -14.30% 5.20% -14.70%

    Please read:
    The thoughts given in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular positions of the reader, his or her own 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 Thoughts are posted for education reasons only

    Alibaba summary

    Wednesday, April 21st, 2021
    Open$229.33
    Close$229.44
    Day range$226.07 - $229.49
    Previous close$229.88
    Session gain-0.19%
    Average true range$7.76
    50d mov avg$239.96
    100d mov avg$246.76
    200d mov avg$261.10
    Earnings dateMay 21st, 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 received 15 ratings in the last 30 days: 12 bullish, 0 bearish and 3 neutral.

    Will BABA go up?

    Alibaba had different price forecasts issued by analysts in the last 4 weeks forecasting the target price to $330.14. That is a 43.89% than the last price ($229.44).