GRANITESH 2XLNG BABA ETF-USD (BABX) Stock Technical Analysis
NASDAQ:BABX - Nasdaq - US38747R8685 - ETF - Currency: USD
Overall BABX gets a technical rating of 5 out of 10. In the last year, BABX 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 BABX has a been trading in the 26.76 - 34.80 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, BABX did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BABX 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 BABX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BABX 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
15.47
33.40
When analyzing the support we can see 2 important areas.
- Support @22.18 from a trend line in the daily time frame.
- Support @15.63 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.70 to 30.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.07 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 | UP | POSITIVE | The long term trend for BABX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BABX is neutral. |
| ChartMill Relative Strength | 89.01 | POSITIVE | BABX has a high relative strength, it outperformed 89.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BABX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BABX is below 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) | 45.47 | NEUTRAL | The RSI value for BABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BABX has a negative trend. |
| Stochastics (14,3) | 21.96 | NEUTRAL | The Stochastics value for BABX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for BABX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.74 | 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)
28.19
-0.98 (-3.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.36%
1 Week-4.28%
2 Weeks-8.03%
1 Month1.66%
3 Month-36.11%
6 Month78.76%
12 Month74.12%
2 Year55.4%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%6.34%
ATR Inc-32.52%
Range Today0.51
ADR(20)1.12
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.01
Mansfield2.41
10 Day High34.8
10 Day Low27.5
20 Day High34.8
20 Day Low26.76
52 Week High45.28
52 Week Low12.96
CS1 End22.18
CR1 Start30.7
Volume & EV
DER(3)-1.12%
DER(5)0.03%
Volume387.80K
Volume Incr-16.62%
Vol(5)617.66K
Vol(50)967.67K