ISHARES BITCOIN TRUST ETF (IBIT) Stock Technical Analysis
NASDAQ:IBIT - Nasdaq - US46438F1012 - ETF - Currency: USD
Taking everything into account, IBIT scores 1 out of 10 in our technical rating. IBIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
IBIT has an average volume of 46770000 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!
Looking at the yearly performance, IBIT did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
IBIT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IBIT is lagging the market slightly.
In the last month IBIT has a been trading in the 46.06 - 58.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of IBIT 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
36.21
61.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.34 to 47.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.58 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 52.59 to 54.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.23 to 56.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.73 from a horizontal 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
CRS70.29
Mansfield1.08
10 Day High56.55
10 Day Low46.07
20 Day High58.14
20 Day Low46.07
52 Week High61.75
52 Week Low28.23
Performance
1 Week-8.44%
2 Weeks-11.62%
1 Month-15.27%
3 Month-15.4%
6 Month60.8%
12 Month23.64%
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)-0.76
RSI(14)36.16
LBB46.25
UBB58.47
48.9
+1 (+2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.09%
1 Week-8.44%
2 Weeks-11.62%
1 Month-15.27%
3 Month-15.4%
6 Month60.8%
12 Month23.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%4.82%
ATR Inc75.88%
Range Today4.67
ADR(20)2.07
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.29
Mansfield1.08
10 Day High56.55
10 Day Low46.07
20 Day High58.14
20 Day Low46.07
52 Week High61.75
52 Week Low28.23
CS1 End47.89
CR1 Start52.59
Volume & EV
DER(3)-0.72%
DER(5)-0.4%
Volume92.17M
Volume Incr108.64%
Vol(5)76.85M
Vol(50)46.77M