2X BITCOIN STRATEGY ETF (BITX) Stock Technical Analysis
NYSEARCA:BITX - NYSE Arca - US92864M3016 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to BITX. Recently some decent action could be observed, but in the medium term time frame this is still negative. BITX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BITX is a bad performer in the overall market: 63% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BITX has a been trading in the 29.34 - 46.64 range, which is quite wide. It is currently trading near the high of this range.
BITX has an average volume of 7968320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BITX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
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 BITX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.14
46.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 30.56 to 31.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.26 from a trend line in the weekly time frame.
- Support @21.35 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.03 to 46.05. This zone is formed by a combination of multiple trend lines 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
CRS37.1
Mansfield1.45
10 Day High46.64
10 Day Low33.7
20 Day High46.64
20 Day Low29.34
52 Week High72.8
52 Week Low18.95
Performance
1 Week25.42%
2 Weeks42.1%
1 Month15.82%
3 Month-27.58%
6 Month49.53%
12 Month12.46%
2 YearN/A
3 YearN/A
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)1.57
RSI(14)63.07
LBB27.99
UBB47.23
NYSEARCA:BITX (4/28/2025, 2:09:09 PM)
44.07
-1.43 (-3.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.14%
1 Week25.42%
2 Weeks42.1%
1 Month15.82%
3 Month-27.58%
6 Month49.53%
12 Month12.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.15
ATR(20)%6.83%
ATR Inc-52.96%
Range Today1.81
ADR(20)2.47
ADR(20)%5.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.1
Mansfield1.45
10 Day High46.64
10 Day Low33.7
20 Day High46.64
20 Day Low29.34
52 Week High72.8
52 Week Low18.95
CS1 End31.01
CR1 Start46.05
Volume & EV
DER(3)-1.35%
DER(5)0.77%
Volume3.94M
Volume Incr15.73%
Vol(5)8.02M
Vol(50)7.97M