Alibaba Group stock drops 6.42%; hourly RSI at 16.39 is oversold

Alibaba Group stock was trading at $95 as of 11:12 ET on Thursday, below its daily exponential averages and just above its lower Bollinger band. The daily chart shows a bearish structure, while intraday RSI14 readings of 16.39 (hourly) and 19.08 (15-minute) offer limited counterweight. BABA opened at $95.64, traded between a low of $93.46 and a high of $95.83, and was last at $95.00, against a previous close of $101.52. Key takeaways Alibaba Group stock was trading at $95 as of 11:12 ET, versus the previous close of $101.52 on November 11. Daily RSI14 is 34.3, below the neutral 50 but above the oversold 30 threshold. Daily MACD line at -1.89 is below its signal at -1.76; the histogram is -0.13 .

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