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Stock Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX)

Countertrend Up (+85) - BABX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

NASDAQ_BABX
Open High Low BABX Price Change
14.8900 15.3950 14.7900 15.2801 +0.1001
Entry Signal

MarketClub’s Trade Triangles for BABX

long term up The long-term trend has been UP since May 2nd, 2024 at 16.259

intermediate term up The intermediate-term trend has been UP since Jul 10th, 2024 at 14.510

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 14.990

Smart Scan Analysis for BABX

Based on our trend formula, BABX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BABX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.8900 15.3950 14.7900 15.2801 +0.1001
Prev. Close Volume Bid Ask Time
15.3300 191132 2024-07-16 15:58:08
52wk High27.3352wk High Date2023-07-31
52wk Low11.8552wk Low Date2024-04-19
Average Volume196,562
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