


Technical Sentiment Analysis for GraniteShares 2x Long BABA Daily ETF (BABX). As of 2026-06-17, GraniteShares 2x Long BABA Daily ETF (BABX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 5 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 27.56, which suggests a Buy 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 6.59 and the Commodity Channel Index (CCI) at -123.06 further confirm a -6.13 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BABX is trading below its 60-day moving average of $25.52 and below its 200-day long-term moving average of $37.63. Key price levels to watch include the immediate resistance at $23.93 and strong support at $17.35. A break above $23.93 could signal a bull continuation, while falling below $17.35 may test the next Fibonacci floor at $14.4.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 10.77 | 14.4 | 17.35 | 20.98 | 23.93 | 27.56 | 30.51 |
| Fibonacci | 14.4 | 16.91 | 18.46 | 20.98 | 23.49 | 25.04 | 27.56 |
2026-06-17
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 27.56 |
| Stochastic Oscillator | 6.59 |
| Stochastic RSI | 9.58 |
| Commodity Channel Index (CCI) | -123.06 |
| Awesome Oscillator | -6.3 |
| Momentum | -6.13 |
| MACD | -2.24 |
2026-06-17
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 18.92 | Sell |
| 10-Day | 20.31 | Sell |
| 20-Day | 22.62 | Sell |
| 60-Day | 25.52 | Sell |
| 200-Day | 37.63 | Sell |
| 250-Day | 35.37 | Sell |