What moved Alibaba Group Holding Limited (HKSE: 89988.HK) stock today?

Today's move in 89988.HK on the HKSE came alongside volume +10.33% above average and a day range of $93.60–$96.95.

How much did Alibaba Group Holding Limited's (HKSE: 89988.HK) volume change today?

89988.HK's volume on the HKSE was 82.60K, +10.33% above its average.

Is Alibaba Group Holding Limited (HKSE: 89988.HK) breaking a resistance level?

89988.HK on the HKSE is trading below its 50-day MA ($98.83) and below its 200-day MA ($125.25), which points to short-term and long-term weakness.

Why Is Alibaba Group Holding Limited (HKSE: 89988.HK) Stock Down Today?

Q: Why is Alibaba Group Holding Limited (HKSE: 89988.HK) stock down today?

89988.HK on the HKSE is down -3.94% at $95.00 today, with price action that suggests selling interest.

Live update on 89988.HK's movement on the HKSE, with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.

89988.HK●HKSE

Consumer CyclicalSpecialty Retail

HK$95.00

HK$3.90(3.94%)

Hong Kong Market opens in 19h 7m

Alibaba Group Holding Limited (HKSE: 89988.HK) Update

Day Change

3.94%

↓ 3.94%

Volume

82.60K

↑ 10.00%

Open / Previous Close

$96.80 / $98.90

Day Range (Low / High)

$93.60 - $96.95

Alibaba Group Holding Limited (HKSE: 89988.HK) Summary

Alibaba Group Holding Limited (HKSE: 89988.HK) is trading down -3.94% at $95.00, reflecting a negative shift in investor sentiment today. The stock opened at $96.80 and has moved between $93.60 and $96.95 so far.

Trading volume is 82600, which is 10% above its average, and the price action suggests selling interest.

Technically, 89988.HK on the HKSE is trading below its 50-day moving average of $98.83 and below its 200-day moving average of $125.25, indicating short-term and long-term weakness.

Meyka's AI assigns 89988.HK a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of +9.96% in 1 month ($104.46), +47.27% in 1 year ($139.90), and +152.32% in 5 years ($239.70).

See full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement on the HKSE.
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89988.HK (HKSE) Technical Signals

Trading below 50-day moving average ($98.83)

Trading below 200-day moving average ($125.25)

Analyst Recommendations data is not available for 89988.HKAnalyst Recommendations details for 89988.HK are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Price Forecast

1 Month

$104.46

1 Year

$139.90

3 Years

$189.70

5 Years

$239.70

Good69.00

Is this change significant?

5-Day:-6.86%

1-Month:+9.51%

3-Month:-17.39%

What's next?

Next earnings date: 7/30/2025