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Stock Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

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

Weak Downtrend (-65) - BABX is showing signs of a strengthening downtrend. Monitor BABX as it may be building momentum to the downside.

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
22.400 22.670 21.918 22.010 +0.420
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 down The intermediate-term trend has been DOWN since Oct 23rd, 2024 at 23.100

short term down The short-term trend has been DOWN since Oct 15th, 2024 at 26.800

Smart Scan Analysis for BABX

Based on our trend formula, BABX is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BABX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.400 22.670 21.918 22.010 +0.420
Prev. Close Volume Bid Ask Time
22.010 151796 2024-10-25 15:59:55
52wk High32.719452wk High Date2024-10-07
52wk Low11.8552wk Low Date2024-04-19
Average Volume364,853
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