BABA 2020-09-24 Technical Analysis and Forecast


BABA Report

Sample Size: 4; Percent Error: 25%

Current Trend Performance

BABA is -10.48% from monthly high, 5.94% from monthly low, -1.62% from 10 day simple moving average, -3.16% from 20 day simple moving average.
 

Forecast Ranges

Day 1:
The highs are 278.39, the lows are 267.92, and the median is 273.15. 50.0% to decrease between -5.64% - 0%. 50.0% to increase between 0% - 5.64%.
Day 2:
The highs are 278.13, the lows are 266.33, and the median is 272.23. 75.0% to decrease between -5.64% - 0%. 25.0% to increase between 0% - 5.64%.
Day 3:
The highs are 281.31, the lows are 266.23, and the median is 273.77. 75.0% to decrease between -5.64% - 0%. 25.0% to increase between 0% - 5.64%.
Day 4:
The highs are 275.13, the lows are 250.67, and the median is 262.9. 25.0% to decrease between -11.28% - -5.64%. 25.0% to decrease between -5.64% - 0%. 50.0% to increase between 0% - 5.64%.
Day 5:
The highs are 280.62, the lows are 257.33, and the median is 268.98. 50.0% to decrease between -5.64% - 0%. 50.0% to increase between 0% - 5.64%.
Day 6:
The highs are 280.34, the lows are 252.79, and the median is 266.56. 25.0% to decrease between -11.28% - -5.64%. 25.0% to decrease between -5.64% - 0%. 50.0% to increase between 0% - 5.64%.
Day 7:
The highs are 279.12, the lows are 235.69, and the median is 257.4. 25.0% to decrease between -16.92% - -11.28%. 50.0% to decrease between -5.64% - 0%. 25.0% to increase between 0% - 5.64%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 254.52, because of monthly low, and 262.12. There is possible resistance range between 277.34 and 284.94, because of 20 day SMA. Areas of uncertainty are beyond 247.34 and beyond 292.98. Minimum movement range is 5.64%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.