2X BITCOIN STRATEGY ETF (BITX) Stock Technical Analysis
NYSEARCA:BITX - NYSE Arca - US92864M3016 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to BITX. BITX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
87% of all other stocks performed better in the past year than BITX.
BITX has an average volume of 9179040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
In the last month BITX has a been trading in the 36.36 - 57.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BITX has a poor technical rating and the quality of the setup is also not perfect 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
58.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 39.32 to 39.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.43 from a horizontal line in the daily time frame.
- Support @26.75 from a trend line in the weekly time frame.
- Support @21.35 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @45.18 from a horizontal line in the daily time frame.
- Resistance @48.88 from a trend line in the daily time frame.
- Resistance @57.91 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.1
Mansfield-0.48
10 Day High51.37
10 Day Low36.36
20 Day High57.2
20 Day Low36.36
52 Week High72.8
52 Week Low18.95
Performance
1 Week5.54%
2 Weeks-17.3%
1 Month-22.48%
3 Month-36.29%
6 Month96.36%
12 Month-22%
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)-0.22
RSI(14)38.43
LBB34.81
UBB55.14
41.55
-2.09 (-4.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.79%
1 Week5.54%
2 Weeks-17.3%
1 Month-22.48%
3 Month-36.29%
6 Month96.36%
12 Month-22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.88
ATR(20)%10.58%
ATR Inc-9.27%
Range Today4.65
ADR(20)3.84
ADR(20)%9.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.1
Mansfield-0.48
10 Day High51.37
10 Day Low36.36
20 Day High57.2
20 Day Low36.36
52 Week High72.8
52 Week Low18.95
CS1 End39.36
CR1 Start45.18
Volume & EV
DER(3)-1.5%
DER(5)-1.96%
Volume8.29M
Volume Incr-1.86%
Vol(5)9.18M
Vol(50)9.18M