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BABX
ETF ticker: NASDAQ
AS OF
Apr 4, 02:59 PM (EDT)
Price
$26.49
Change
-$7.58 (-22.25%)
Net Assets
102.26M

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 03, 2025

Momentum Indicator for BABX turns negative, indicating new downward trend

BABX saw its Momentum Indicator move below the 0 level on March 25, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator turned negative. In of the 34 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for BABX turned negative on March 03, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 18 similar instances when the indicator turned negative. In of the 18 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

BABX broke above its upper Bollinger Band on March 17, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BABX advanced for three days, in of 117 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 47 cases where BABX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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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%
-0.67%
SSO - BABX
29%
Poorly correlated
-9.53%
SPXL - BABX
28%
Poorly correlated
-14.22%
SOXL - BABX
27%
Poorly correlated
-29.83%
QLD - BABX
27%
Poorly correlated
-10.69%
TQQQ - BABX
27%
Poorly correlated
-16.07%
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