YIELDMAX BABA OPT INC ST ETF (BABO) Stock Technical Analysis
NYSEARCA:BABO - NYSE Arca - US88636R1077 - ETF - Currency: USD
Overall BABO gets a technical rating of 1 out of 10. BABO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BABO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.31, a Stop Loss order could be placed below this zone.
More info and screens
15.84
We found 2 important support areas.
- A support zone ranging from 16.82 to 17.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.47 to 17.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.77 to 23.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
NYSEARCA:BABO (5/8/2025, 8:04:03 PM)
17.46
+0.31 (+1.81%)