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BABX
ETF ticker: NASDAQ
AS OF
Apr 25 closing price
Price
$28.15
Change
+$0.42 (+1.51%)
Net Assets
73.24M

BABX GraniteShares 2x Long BABA Daily ETF Forecast, Technical & Fundamental Analysis

The investment seeks the fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA)... Show more

Category: #Trading
BABX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for BABX with price predictions
Apr 25, 2025

Momentum Indicator for BABX turns positive, indicating new upward trend

BABX saw its Momentum Indicator move above the 0 level on April 22, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator turned positive. In of the 37 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BABX's RSI Oscillator exited the oversold zone, of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BABX just turned positive on April 23, 2025. Looking at past instances where BABX's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BABX advanced for three days, in of 124 cases, the price rose further within the following month. The odds of a continued upward trend are .

BABX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

BABX moved below its 50-day moving average on April 04, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BABX crossed bearishly below the 50-day moving average on April 08, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BABX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for BABX entered a downward trend on April 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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BABX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
GraniteShares ETF Trust30 Vesey Street, 9th FloorNew York
Phone
N/A
Web
N/A
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BABX and ETFs

Correlation & Price change

A.I.dvisor tells us that BABX and SSO have been poorly correlated (+29% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BABX and SSO's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BABX
1D Price
Change %
BABX100%
+1.51%
SSO - BABX
29%
Poorly correlated
+1.40%
SPXL - BABX
28%
Poorly correlated
+2.12%
SOXL - BABX
27%
Poorly correlated
+2.83%
QLD - BABX
27%
Poorly correlated
+2.21%
TQQQ - BABX
27%
Poorly correlated
+3.30%
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