GLOBAL X BLOCK & BIT STRAT (BITS) Stock Technical Analysis
NASDAQ:BITS - Nasdaq - US37960A7274 - ETF - Currency: USD
Taking everything into account, BITS scores 2 out of 10 in our technical rating. In the past year, BITS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BITS is a bad performer in the overall market: 75% of all stocks are doing better.
BITS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: BITS has an average volume of 4396 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BITS has a been trading in the 45.63 - 58.95 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BITS is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
50.02
59.75
When analyzing the support we notice one important area.
- A support zone ranging from 50.53 to 50.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.91 to 59.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.68
Mansfield-1.25
10 Day High58.95
10 Day Low49.85
20 Day High58.95
20 Day Low45.63
52 Week High106.93
52 Week Low45.63
Performance
1 Week16.54%
2 Weeks21.77%
1 Month8.17%
3 Month-24.22%
6 Month-17.07%
12 Month-9.38%
2 Year73.39%
3 Year12.15%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.36
RSI(14)60.95
LBB44.63
UBB59.13
NASDAQ:BITS (4/25/2025, 8:00:01 PM)
58.9
+1.43 (+2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.49%
1 Week16.54%
2 Weeks21.77%
1 Month8.17%
3 Month-24.22%
6 Month-17.07%
12 Month-9.38%
2 Year73.39%
3 Year12.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.57
ATR(20)%4.38%
ATR Inc-49.85%
Range Today0.7
ADR(20)1.93
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.68
Mansfield-1.25
10 Day High58.95
10 Day Low49.85
20 Day High58.95
20 Day Low45.63
52 Week High106.93
52 Week Low45.63
CS1 End50.54
CR1 Start58.91
Volume & EV
DER(3)8.27%
DER(5)3.09%
Volume3.60K
Volume Incr20.37%
Vol(5)4.58K
Vol(50)4.40K