Stock Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
ALIBABA GROUP HOLDING LTD (NYSE:BABA)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BABA
The long term trend has been DOWN since Aug 10th, 2018 at 175.77
The intermediate term trend has been DOWN since Jul 30th, 2018 at 184.80
The short term trend has been DOWN since Oct 18th, 2018 at 142.30
Smart Scan Analysis for BABA
Based on a pre-defined weighted trend formula for chart analysis, BABA scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||211.7||Year High Date||2018-06-05|
|Year Low||135.14||Year Low Date||2018-10-11|
|52wk High||211.7||52wk High Date||2018-06-05|
|52wk Low||135.14||52wk Low Date||2018-10-11|