ISHARES BITCOIN TRUST ETF (IBIT) Stock Technical Analysis
NASDAQ:IBIT - Nasdaq - US46438F1012 - ETF - Currency: USD
Overall IBIT gets a technical rating of 10 out of 10. 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 96% of all stocks. We also observe that the gains produced by IBIT over the past year are nicely spread over this period.
IBIT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IBIT has a been trading in the 50.69 - 61.08 range, which is quite wide. It is currently trading near the high of this range.
IBIT has an average volume of 54105900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, IBIT also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 60.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.47, a Stop Loss order could be placed below this zone.
More info and screens
35.04
61.35
We found 4 important support areas.
- A support zone ranging from 55.59 to 56.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 52.86 to 54.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.70 from a horizontal line in the daily time frame.
- Support @35.39 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 60.73 to 60.74. This zone is formed by a combination of multiple trend lines 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
CRS96.36
Mansfield2.99
10 Day High61.08
10 Day Low53.97
20 Day High61.08
20 Day Low50.69
52 Week High61.75
52 Week Low24.13
Performance
1 Week-4.7%
2 Weeks8.19%
1 Month6.04%
3 Month46.25%
6 Month61.7%
12 Month135.02%
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)0.08
RSI(14)53.58
LBB52.06
UBB61.79
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 |
|---|---|---|---|
| 60.75 | 55.58 | 5.17 (8.51%) | 11.75% |
| An entry @60.75. This is a Buy Stop order right above the resistance zone. | An exit @55.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.17 points, which is 8.51%. | When investing 11.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (1/28/2025, 8:00:01 PM)
After market: 57.84 +0.26 (+0.45%)57.58
-0.09 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.16%
1 Week-4.7%
2 Weeks8.19%
1 Month6.04%
3 Month46.25%
6 Month61.7%
12 Month135.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.59
ATR(20)%4.24%
ATR Inc0.8%
Range Today1.52
ADR(20)2.03
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.36
Mansfield2.99
10 Day High61.08
10 Day Low53.97
20 Day High61.08
20 Day Low50.69
52 Week High61.75
52 Week Low24.13
CS1 End56.47
CR1 Start60.73
Volume & EV
DER(3)-0.28%
DER(5)-0.91%
Volume30.26M
Volume Incr30.98%
Vol(5)58.69M
Vol(50)54.11M