Graniteshares 1.75x Long Baba Daily Etf ETF Forecast

Buy candidate since Jul 31, 2026

The GraniteShares 1.75x Long BABA Daily ETF price gained 10.29% on the last trading day (Friday, 31st Jul 2026), rising from $19.82 to $21.86. During the last trading day the ETF fluctuated 6.29% from a day low at $20.66 to a day high of $21.96. The price has been going up and down for this period, and there has been a 12.22% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 479 thousand more shares were traded than the day before. In total, 829 thousand shares were bought and sold for approximately $18.12 million.

Given the current short-term trend, the ETF is expected to fall -36.22% during the next 3 months and, with a 90% probability hold a price between $5.51 and $13.94 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

BABX Signals & Forecast

The GraniteShares 1.75x Long BABA Daily ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.66 and $17.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 26, 2026, and so far it has risen 61.69%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for GraniteShares 1.75x Long BABA Daily ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $20.48 and $18.67. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, GraniteShares 1.75x Long BABA Daily finds support just below today's level at $20.48. If this is broken, then the next support from accumulated volume will be at $18.67 and $17.62.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $1.30 between high and low, or 6.29%. For the last week, the ETF has had daily average volatility of 5.41%.

Our recommended stop-loss: $21.05 (-3.72%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (BABX) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect GraniteShares 1.75x Long BABA Daily ETF to open at $21.49, and during the day (based on 14 day Average True Range), to move between $21.22 and $22.50, which gives a possible trading interval of +/-$1.29 (+/-6.06%) up or down from last closing price. If GraniteShares 1.75x Long BABA Daily ETF takes out the full calculated possible swing range there will be an estimated 6.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.48 (6.31%) than the resistance at $25.43 (16.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GraniteShares 1.75x Long BABA Daily ETF ETF A Buy?

GraniteShares 1.75x Long BABA Daily holds several positive signals and despite the ETF being in a falling trend, we considered it to be a good choice at these current levels. We expect GraniteShares 1.75x Long BABA Daily ETF will perform very well in the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.064 Strong Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $21.49 ( 1.68%).

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