Is BABA due for a pullback

**Alibaba Group (BABA) is not currently experiencing a pullback.** Here's an analysis to support this conclusion:

1. **Technical Indicators Suggest Otherwise**: Alibaba's stock (BABA) is not showing signs of a pullback based on recent technical indicators. The MACD (Moving Average Convergence Divergence) is at -2.35, and the KDJ (Stochastic oscillator) is at -4.91, which typically suggest bearish trends. However, the RSI (Relative Strength Index) is at 27.07, indicating that the stock may be oversold and could potentially rally in the short term.
|Ticker|Name|Date|RSI|KDJ|MACD|code|market_code|
|---|---|---|---|---|---|---|---|
|BABA.N|Alibaba Group|20241115|21.5620|-5.4349|-2.3488|BABA|169|

2. **Stock Price Movement**: The closing price of BABA on November 15, 2024, was $88.38. The stock has shown resilience with a pre-market increase of 3% on November 15, 2024, following the release of earnings that beat expectations in terms of profit but missed on revenue. This movement contradicts the expectation of a pullback.
|Ticker|Name|Date|Closing Price|code|market_code|
|---|---|---|---|---|---|
|BABA.N|Alibaba Group|20241115|88.2899|BABA|169|

3. **Market Sentiment and Analysts' Outlook**: Despite the challenges, including missing revenue estimates and facing stiff competition, there is an optimistic outlook from analysts. J.P. Morgan projects a 6% year-over-year increase in Alibaba's quarterly revenue, and forecasts suggest an upward movement for Alibaba's stock. This sentiment is further supported by the average price target of $101.38, which is higher than the current trading price, indicating potential upside.

4. **Fundamental Analysis**: Alibaba's reported solid growth in international and cloud divisions, which is helping to offset the drag from its anemic Chinese commerce business. The company's international division expanded revenue by 35%, and the cloud unit accelerated revenue growth to over 7%. This diversification into international markets and strong performance in cloud services could be indicative of a company that is not experiencing a pullback.
5. **Market Performance**: Alibaba's stock outperformed the S&P 500 on November 14, 2024, closing at $95.42, a 1.31% increase from the prior day. This performance is contrary to the expectation of a pullback.

In conclusion, Alibaba Group (BABA) is not currently experiencing a pullback. The stock's technical indicators, recent price movement, analyst sentiment, and fundamental performance all suggest a different outlook.