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
BABX's Stochastic Oscillator sits in oversold zone for 10 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BABX advanced for three days, in of 154 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 03, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BABX as a result. In of 43 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BABX turned negative on October 30, 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 26 similar instances when the indicator turned negative. In of the 26 cases the stock turned lower in the days that followed. This puts the odds of success at .
BABX moved below its 50-day moving average on November 07, 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 November 11, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 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 .
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General Information
Category Trading
BABX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BABX has been loosely correlated with TQQQ. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if BABX jumps, then TQQQ could also see price increases.
| Ticker / NAME | Correlation To BABX | 1D Price Change % | ||
|---|---|---|---|---|
| BABX | 100% | +2.56% | ||
| TQQQ - BABX | 35% Loosely correlated | -3.62% | ||
| QLD - BABX | 35% Loosely correlated | -2.43% | ||
| SSO - BABX | 35% Loosely correlated | -1.68% | ||
| SOXL - BABX | 33% Loosely correlated | -6.76% | ||
| SPXL - BABX | 28% Poorly correlated | -2.48% | ||
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