ISHARES BITCOIN TRUST ETF (IBIT)
US46438F1012 - ETF
Taking everything into account, IBIT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBIT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IBIT is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, IBIT also shows a nice and consistent pattern of rising prices.
IBIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IBIT is performing more or less in line with the market.
IBIT has an average volume of 54399300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IBIT has a been trading in the 51.54 - 61.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, IBIT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 54.80, a Stop Loss order could be placed below this zone.
More info and screens
33.63
55.36
2 important support areas can be observed.
- A support zone ranging from 54.71 to 54.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.97 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.17
Mansfield3.58
10 Day High61.75
10 Day Low53.62
20 Day High61.75
20 Day Low51.54
52 Week High61.75
52 Week Low21.88
Performance
1 Week-5.35%
2 Weeks-5.17%
1 Month-1.95%
3 Month53.1%
6 Month49.84%
12 Month153.38%
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)-0.69
RSI(14)52.18
LBB52.91
UBB60.65
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.99 | 54.70 | 2.29 (4.02%) | 24.84% |
| An entry @56.99. This is a Buy Stop order right above the 10 day moving average. | An exit @54.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.29 points, which is 4.02%. | When investing 24.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IBIT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ISHARES BITCOIN TRUST ETF
NASDAQ:IBIT (12/20/2024, 8:17:41 PM)
After market: 55.5819 +0.77 (+1.41%)54.81
+0.09 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.16%
1 Week-5.35%
2 Weeks-5.17%
1 Month-1.95%
3 Month53.1%
6 Month49.84%
12 Month153.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.63
ATR(20)%4.61%
ATR Inc22.05%
Range Today1.73
ADR(20)2.17
ADR(20)%3.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.17
Mansfield3.58
10 Day High61.75
10 Day Low53.62
20 Day High61.75
20 Day Low51.54
52 Week High61.75
52 Week Low21.88
CS1 End54.8
CR1 StartN/A
Volume & EV
DER(3)-1.98%
DER(5)-0.67%
Volume55.33M
Volume Incr9.02%
Vol(5)63.67M
Vol(50)54.40M