LEVERAGE SHARES 2X ALIBABA (2BAB.AS) Stock Technical Analysis
AMS:2BAB - Euronext Amsterdam - IE00BK5C1C97 - ETF - Currency: EUR
We assign a technical rating of 5 out of 10 to 2BAB. In the last year, 2BAB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month 2BAB has a been trading in the 1.10 - 2.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: 2BAB has an average volume of 5564 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that 2BAB is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
2BAB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2BAB is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
2BAB has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.82
2.11
3 important support areas can be observed.
- Support @1.09 from a trend line in the daily time frame.
- Support @0.90 from a trend line in the weekly time frame.
- Support @0.83 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.40 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.03 from a trend line in the weekly time frame.
- Resistance @2.09 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for 2BAB.AS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 2BAB.AS is down. |
| ChartMill Relative Strength | 98.18 | POSITIVE | 2BAB.AS has a high relative strength, it outperformed 98.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 2BAB.AS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of 2BAB.AS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of 2BAB.AS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.12 | NEUTRAL | The RSI value for 2BAB.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests 2BAB.AS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.55 | OVERSOLD | The low Stochastics value suggests 2BAB.AS may be oversold. |
| Average True Range in percent/ATR (20) | 10.24 | HIGH VOLATILITY | The high ATR as a percentage value for 2BAB.AS suggests high volalility. |
| Average Directional Index/ADX (14) | 31.16 | POSITIVE | The high ADX value value for 2BAB.AS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
AMS:2BAB (5/28/2025, 7:00:00 PM)
1.1821
+0.05 (+4.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.24%
1 Week-16.6%
2 Weeks-23.64%
1 Month-9.74%
3 Month67.19%
6 Month100.72%
12 Month47.22%
2 Year57.89%
3 Year-51.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%10.24%
ATR Inc13.68%
Range Today0.01
ADR(20)0.05
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.18
Mansfield3.08
10 Day High2.11
10 Day Low1.1
20 Day High2.11
20 Day Low1.1
52 Week High2.11
52 Week Low0.59
CS1 End1.41
CR1 Start2.03
Volume & EV
DER(3)0%
DER(5)0%
Volume550
Volume Incr-12.45%
Vol(5)2.94K
Vol(50)5.56K