In the meantime, Macquarie upgraded its Alibaba Group Holding Ltd ADR [BABA] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Neutral”. Mizuho also remained covering BABA and reiterated its “Buy” recommendation on January 17, 2024. Morgan Stanley revised its rating on December 01, 2023. It rated BABA as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of BABA
On Tuesday, Alibaba Group Holding Ltd ADR [NYSE:BABA] saw its stock fall -1.22% to $84.48. Over the last five days, the stock has gained 0.42%. Alibaba Group Holding Ltd ADR shares have fallen nearly -0.37% since the year began. Nevertheless, the stocks have risen 16.70% over the past one year. While a 52-week high of $117.82 was reached on 01/06/25, a 52-week low of $66.07 was recorded on 01/07/25. SMA at 50 days reached $89.32, while 200 days put it at $84.06.
Levels Of Support And Resistance For BABA Stock
The 24-hour chart illustrates a support level at 83.80, which if violated will result in even more drops to 83.13. On the upside, there is a resistance level at 85.13. A further resistance level may holdings at 85.79. The Relative Strength Index (RSI) on the 14-day chart is 43.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.88%. Stochastics %K at 56.42% indicates the stock is a holding.
How much short interest is there in Alibaba Group Holding Ltd ADR?
A steep rise in short interest was recorded in Alibaba Group Holding Ltd ADR stocks on 2024-10-31, dropping by -5.43 million shares to a total of 62.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 67.99 million shares. There was a decline of -8.68%, which implies that there is a negative sentiment for the stock.
