GRANITESH 2XLNG BABA ETF-USD (BABX) Stock Technical Analysis
NASDAQ:BABX - Nasdaq - US38747R8685 - ETF - Currency: USD
Overall BABX gets a technical rating of 6 out of 10. In the past year, BABX was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, BABX did better than 92% of all other stocks.
In the last month BABX has a been trading in the 20.68 - 28.38 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BABX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BABX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BABX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.97
27.81
We found 2 important support areas.
- Support @21.11 from a trend line in the daily time frame.
- Support @16.13 from a trend line in the weekly 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 BABX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BABX is up. |
| ChartMill Relative Strength | 92.53 | POSITIVE | BABX has a high relative strength, it outperformed 92.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BABX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BABX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BABX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.05 | NEUTRAL | The RSI value for BABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests BABX has a positive trend. |
| Stochastics (14,3) | 90.1 | OVERBOUGHT | The high Stochastics value suggests BABX may be overbought. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for BABX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.37 | NEGATIVE | The low ADX value for BABX suggests a weak or negative 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)
27.53
+1.34 (+5.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.12%
1 Week26%
2 Weeks20.8%
1 Month9.64%
3 Month18.61%
6 Month71.1%
12 Month94.83%
2 Year1.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.44
ATR(20)%4.82%
ATR Inc44.49%
Range Today1.08
ADR(20)0.91
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.53
Mansfield0.65
10 Day High28.38
10 Day Low20.68
20 Day High28.38
20 Day Low20.68
52 Week High45.28
52 Week Low13.48
CS1 End21.11
CR1 StartN/A
Volume & EV
DER(3)-0.24%
DER(5)2.12%
Volume1.89M
Volume Incr159.48%
Vol(5)1.72M
Vol(50)815.52K