Taking everything into account, BABX scores 4 out of 10 in our technical rating. Although BABX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BABX has an average technical rating and also the quality of the setup is only medium 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.
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28.38
We found 3 important support areas.
- A support zone ranging from 37.25 to 38.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.41 from a horizontal line in the daily time frame.
- Support @28.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @38.98 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for BABX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BABX is down. |
| ChartMill Relative Strength | 94.2 | POSITIVE | BABX has a high relative strength, it outperformed 94.2% 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) | 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) | 43.68 | NEUTRAL | The RSI value for BABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BABX has a positive trend. |
| Stochastics (14,3) | 28.94 | NEUTRAL | The Stochastics value for BABX is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for BABX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for BABX suggests a weak or negative trend. |
38.97
+1.08 (+2.84%)
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.
Can you provide the trend direction for GRANITESH 2XLNG BABA ETF-USD?
The current trend direction for GRANITESH 2XLNG BABA ETF-USD (BABX) is Bearish.
What is the RSI signal for GRANITESH 2XLNG BABA ETF-USD (BABX) stock?
GRANITESH 2XLNG BABA ETF-USD (BABX) has an RSI value of 43.6791. This indicates that the stock is currently neutral.
What is the MACD signal for BABX stock?
The MACD indicator for GRANITESH 2XLNG BABA ETF-USD (BABX) has a value of 0.0859588, indicating a bearish trend.
What are the support and resistance levels for GRANITESH 2XLNG BABA ETF-USD (BABX) stock?
GRANITESH 2XLNG BABA ETF-USD (BABX) has a support level at 38.1 and a resistance level at 38.98. Check the full technical report for our detailed analysis of BABX support and resistance levels.