GRANITESH 2XLNG BABA ETF-USD (BABX) Stock Technical Analysis
NASDAQ:BABX - Nasdaq - US38747R8685 - ETF - Currency: USD
Taking everything into account, BABX scores 8 out of 10 in our technical rating. 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that BABX is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, BABX also shows a nice and consistent pattern of rising prices.
In the last month BABX has a been trading in the 22.04 - 29.22 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
BABX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 26.93, a Stop Loss order could be placed below this zone.
More info and screens
16.16
28.90
We found 5 important support areas.
- A support zone ranging from 26.33 to 26.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.76 to 25.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.99 from a trend line in the weekly time frame.
- Support @21.88 from a trend line in the daily time frame.
- Support @16.32 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 28.20 to 28.61. This zone is formed by a combination of multiple trend lines 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 BABX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BABX is up. |
| ChartMill Relative Strength | 86.64 | POSITIVE | BABX has a high relative strength, it outperformed 86.64% 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) | UP | POSITIVE | The current price of BABX is above the rising 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) | 54.26 | NEUTRAL | The RSI value for BABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BABX has a positive trend. |
| Stochastics (14,3) | 54.43 | NEUTRAL | The Stochastics value for BABX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for BABX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.09 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.54 | 26.32 | 1.22 (4.43%) | 22.57% |
| An entry @27.54. This is a Buy Stop order right above the resistance zone. | An exit @26.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.22 points, which is 4.43%. | For a 1.00% total portfolio risk, you can invest 22.57% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BABX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.32
-0.27 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.98%
1 Week5.48%
2 Weeks-0.26%
1 Month25.03%
3 Month-10.01%
6 Month16.85%
12 Month72.47%
2 Year20.67%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%5.68%
ATR Inc-27.3%
Range Today0.92
ADR(20)1.22
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.64
Mansfield0.21
10 Day High28.92
10 Day Low25.46
20 Day High29.22
20 Day Low22.04
52 Week High45.28
52 Week Low14.29
CS1 End26.93
CR1 Start27.53
Volume & EV
DER(3)1.39%
DER(5)-0.33%
Volume721.30K
Volume Incr-37.57%
Vol(5)840.80K
Vol(50)943.13K