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Stock Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

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

Bear Market Rally (-75) - BABX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BABX as it may be in the beginning of a reversal.

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
13.56 13.56 12.93 12.94 -1.33
Entry Signal

MarketClub’s Trade Triangles for BABX

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 22.875

intermediate term up The intermediate-term trend has been UP since Apr 11th, 2024 at 14.370

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 13.480

Smart Scan Analysis for BABX

Based on our trend formula, BABX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BABX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.56 13.56 12.93 12.94 -1.33
Prev. Close Volume Bid Ask Time
12.91 113872 2024-04-12 15:59:50
52wk High27.3352wk High Date2023-07-31
52wk Low11.9652wk Low Date2024-01-22
Average Volume53,877
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