Bilibili $BILI Confirmed Break Above 200 Day Moving Average and Downtrend Channel Breakout On Weekly Chart

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Bilibili $BILI stock confirmed a break above the 200 day moving average on December 9, 2022. The stock is testing a downtrend channel breakout on the weekly chart. $BILI stock is in a technical weak uptrend.

$BILI Stock Daily Chart On December 11, 2022

Bilinili stock chart on December 11 2022 with confirmed break above the 200 day moving average with a positive MACD and money flow
Bilibili stock chart on December 11 2022 with confirmed break above the 200 day moving average with a positive MACD and money flow

$BILI Stock Weekly Chart On December 11, 2022

Bilibili stock chart on December 11 2022 with downtrend channel breakout
Bilibili stock chart on December 11 2022 with downtrend channel breakout

Dark Pool Trading In $BILI Stock

A dark pool trade occurred in $BILI stock on December 5, 2022. The dark pool trade was valued at $6 million. We think the dark pool trade was a buy order because $BILI stock rose after the trade hit the tape.

Bilibili stock chart on December 11 2022 with dark pool trade shown with orange bar
Bilibili stock chart on December 11 2022 with dark pool trade shown with orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

Bilibili initiated with a Buy at UBS

UBS analyst Felix Liu started Bilibili’s coverage on December 8, 2022, with a Buy rating and a HK$250 price target. Felix Liu predicted that the company would deliver one of the fastest growth rates among online media platforms in terms of user base and time spent, with Q3 MAU growth of 24% exceeding the industry average of 9%. A healthy content ecosystem and opportunities for better ad monetization, according to Liu, mean that Bilibili could continue to increase user engagement.

Bilibili price target raised at JPMorgan

On December 7, 2022, JPMorgan analyst Daniel Chen maintained an Overweight rating on Bilibili’s stock while raising the price target from $20 to $30. The new target suggests an upside of roughly 50%. After management changed the user growth target from monthly to daily active users, the analyst is gradually more optimistic about Bilibili’s long-term profit outlook. According to Chen, who expects continued user growth for Bilibili, this enables the business to reduce spending on an absolute basis starting in 2023. Regarding the company’s path to breakeven in 2024, the analyst is now more optimistic.

BiliBili (BILI) Stock Surge After 3Q Earnings Beat

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