Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX)
Sidelines Mode (-55) - BABX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BABX?
MarketClub looks at technical strength and momentum to determine if the timing is right for BABX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BABX
The long-term trend has been DOWN since Mar 8th, 2023 at 22.875
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 12.810
The short-term trend has been UP since Apr 22nd, 2024 at 12.430
Smart Scan Analysis for BABX
Based on our trend formula, BABX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.7000 | 14.0900 | 13.6901 | 14.0800 | +0.7700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.0650 | 189255 | 2024-04-24 15:59:50 |
| 52wk High | 27.33 | 52wk High Date | 2023-07-31 |
| 52wk Low | 11.85 | 52wk Low Date | 2024-04-19 |
| Average Volume | 58,276 |