GRANITESH 2XLNG BABA ETF-USD (BABX) Stock Technical Analysis
USA - NASDAQ:BABX - US38747R8685 - ETF
62.39 USD
-0.52 (-0.83%)
62.4 USD
+0.01 (+0.02%)
We assign a technical rating of 9 out of 10 to BABX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BABX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
BABX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BABX has a been trading in the 37.36 - 66.00 range, which is quite wide. It is currently trading near the high of this range.
BABX has an average volume of 1483450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BABX did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BABX has an excellent technical rating, it 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
61.77
63.01
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 | UP | POSITIVE | The long term trend for BABX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BABX is up. |
| ChartMill Relative Strength | 97.69 | POSITIVE | BABX has a high relative strength, it outperformed 97.69% 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) | 75.1 | OVERBOUGHT | The high RSI value suggests BABX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests BABX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.48 | OVERBOUGHT | The high Stochastics value suggests BABX may be overbought. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for BABX suggests high volalility. |
| Average Directional Index/ADX (14) | 50.15 | POSITIVE | The high ADX value value for BABX 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)
62.39
-0.52 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.83%
1 Week7.95%
2 Weeks28.33%
1 Month74.48%
3 Month185.56%
6 Month172.11%
12 Month119.7%
2 Year248.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.85
ATR(20)%5.97%
ATR Inc-40.13%
Range Today2.19
ADR(20)2.51
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.69
Mansfield9.77
10 Day High66
10 Day Low47.77
20 Day High66
20 Day Low37.36
52 Week High66
52 Week Low14.29
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)0.58%
DER(5)-0.1%
Volume829.13K
Volume Incr-40.98%
Vol(5)1.05M
Vol(50)1.48M