Global X Funds (BFIT) Stock Technical Analysis
USA - NASDAQ:BFIT - US37954Y7985 - ETF
21.39 USD
0 (0%)
Overall BFIT gets a technical rating of 1 out of 10. BFIT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
70% of all other stocks performed better in the past year than BFIT.
BFIT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: BFIT has an average volume of 1272 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BFIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BFIT is lagging the market.
In the last month BFIT has a been trading in a tight range between 21.20 and 21.55.
BFIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 21.38, a Stop Loss order could be placed below this zone.
More info and screens
19.94
23.99
2 important support areas can be observed.
- A support zone ranging from 20.77 to 21.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.14 to 20.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.39 to 21.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @22.90 from a horizontal line in the daily time frame.
- A resistance zone ranging from 23.33 to 23.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BFIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BFIT is down. |
| ChartMill Relative Strength | 30.47 | NEUTRAL | BFIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BFIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BFIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.18 | NEUTRAL | The RSI value for BFIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BFIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.15 | NEUTRAL | The Stochastics value for BFIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.46 | LOW VOLATILITY | The low ATR as a percentage value for BFIT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.2 | NEGATIVE | The low ADX value for BFIT suggests a weak or negative trend. |
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)
NASDAQ:BFIT (2/16/2024, 8:00:01 PM)
21.39
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.09%
2 Weeks0.09%
1 Month0.52%
3 Month-0.79%
6 Month-3.52%
12 Month-5.6%
2 Year-14.03%
3 Year-17.7%
5 Year10.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.46%
ATR Inc32.48%
Range Today0.12
ADR(20)0.09
ADR(20)%0.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.47
Mansfield-1.5
10 Day High21.51
10 Day Low21.35
20 Day High21.55
20 Day Low21.2
52 Week High23.51
52 Week Low19.92
CS1 End21.38
CR1 Start21.39
Volume & EV
DER(3)0%
DER(5)0%
Volume1.10K
Volume Incr-13.1%
Vol(5)1.36K
Vol(50)1.27K