


Technical Sentiment Analysis for GraniteShares 2x Long BABA Daily ETF (BABX). As of 2026-07-08, GraniteShares 2x Long BABA Daily ETF (BABX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 4 indicators are flashing buy, while 10 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BABX stands at 48.64, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -2.24, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 46.22 and the Commodity Channel Index (CCI) at 27.01 further confirm a 1.81 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BABX is trading below its 60-day moving average of $23.48 and below its 200-day long-term moving average of $35.97. Key price levels to watch include the immediate resistance at $17.2 and strong support at $12.2. A break above $17.2 could signal a bull continuation, while falling below $12.2 may test the next Fibonacci floor at $9.96.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 7.21 | 9.96 | 12.2 | 14.95 | 17.2 | 19.95 | 22.2 |
| Fibonacci | 9.96 | 11.86 | 13.04 | 14.95 | 16.86 | 18.04 | 19.95 |
2026-07-08
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 48.64 |
| Stochastic Oscillator | 46.22 |
| Stochastic RSI | 30.5 |
| Commodity Channel Index (CCI) | 27.01 |
| Awesome Oscillator | -5 |
| Momentum | 1.81 |
| MACD | -2.24 |
2026-07-08
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 14.97 | Sell |
| 10-Day | 14.45 | Sell |
| 20-Day | 16.48 | Sell |
| 60-Day | 23.48 | Sell |
| 200-Day | 35.97 | Sell |
| 250-Day | 34.89 | Sell |