Free Daily Analysis
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.
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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 May 24th, 2023 at 18.850
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).
| 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 High | 40.94 | 52wk High Date | 2023-01-26 |
| 52wk Low | 17.5 | 52wk Low Date | 2023-05-31 |
| Average Volume | 35,894 |