We assign a technical rating of 4 out of 10 to BABX. In the last year, BABX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month BABX has a been trading in the 39.71 - 53.35 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that BABX is one of the better performing stocks in the market, outperforming 77% of all 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 currently trading near new highs, so BABX is lagging the market.
BABX has an average technical rating and the quality of the presented setup is also not ideal 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
30.35
We found 5 important support areas.
- A support zone ranging from 40.27 to 41.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.77 from a trend line in the daily time frame.
- Support @37.79 from a horizontal line in the weekly time frame.
- Support @36.42 from a horizontal line in the daily time frame.
- Support @30.66 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @44.87 from a horizontal line in the daily time frame.
- A resistance zone ranging from 45.90 to 46.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.88 to 48.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 77.46 | POSITIVE | BABX has a high relative strength, it outperformed 77.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BABX is below a declining 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) | 49 | NEUTRAL | The RSI value for BABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests BABX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.25 | NEUTRAL | The Stochastics value for BABX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.51 | HIGH VOLATILITY | The high ATR as a percentage value for BABX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.51 | NEGATIVE | The low ADX value for BABX suggests a weak or negative trend. |
43.61
-1.25 (-2.79%)
GRANITESH 2XLNG BABA ETF-USD / BABX FAQ
Can you provide the ChartMill technical rating for GRANITESH 2XLNG BABA ETF-USD?
ChartMill assigns a technical rating of 4 / 10 to BABX.
What is the current trend direction of GRANITESH 2XLNG BABA ETF-USD (BABX) stock?
The current trend direction for GRANITESH 2XLNG BABA ETF-USD (BABX) is Bullish.
What is the RSI signal for BABX stock?
GRANITESH 2XLNG BABA ETF-USD (BABX) has an RSI value of 48.9954. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GRANITESH 2XLNG BABA ETF-USD?
The short term momentum for GRANITESH 2XLNG BABA ETF-USD (BABX) is neutral.
Can you provide the support and resistance levels for GRANITESH 2XLNG BABA ETF-USD?
GRANITESH 2XLNG BABA ETF-USD (BABX) has a support level at 41.16 and a resistance level at 44.87. Check the full technical report for our detailed analysis of BABX support and resistance levels.