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Stock Trend Analysis Report

Prepared for you on Friday, June 2, 2023.

GraniteShares 1.75x Long BABA Daily ETF (NASDAQ:BABX)

Countertrend Down (-85) - BABX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
18.240 19.890 18.160 19.569 +1.429
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 down The intermediate-term trend has been DOWN since May 24th, 2023 at 18.850

short term up The short-term trend has been UP since Jun 1st, 2023 at 18.979

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
18.240 19.890 18.160 19.569 +1.429
Prev. Close Volume Bid Ask Time
19.540 27301 2023-06-01 15:57:41
52wk High40.9452wk High Date2023-01-26
52wk Low17.552wk Low Date2023-05-31
Average Volume35,894
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