Overall BITB gets a technical rating of 0 out of 10. BITB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BITB is a bad performer in the overall market: 85% of all stocks are doing better.
- BITB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BITB has a been trading in the 44.44 - 53.24 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BITB has an average volume of 2990160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BITB 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
45.05
When analyzing the support we notice one important area.
- A support zone ranging from 45.50 to 45.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 45.58 to 45.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 48.22 to 49.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 50.32 to 50.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.91 from a horizontal line in the weekly time frame.
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 BITB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITB is down. |
| ChartMill Relative Strength | 15.26 | NEGATIVE | BITB has a low relative strength, it was outperformed by 84.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.72 | NEUTRAL | The RSI value for BITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests BITB has a negative trend. |
| Stochastics (14,3) | 12.34 | OVERSOLD | The low Stochastics value suggests BITB may be oversold. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BITB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for BITB suggests a weak or negative trend. |
45.51
-0.16 (-0.35%)
BITWISE BITCOIN ETF / BITB FAQ
What is the technical rating for BITB stock?
ChartMill assigns a technical rating of 0 / 10 to BITB.
What is the current trend direction of BITWISE BITCOIN ETF (BITB) stock?
The current trend direction for BITWISE BITCOIN ETF (BITB) is Bearish.
What is the RSI signal for BITB stock?
BITWISE BITCOIN ETF (BITB) has an RSI value of 36.7175. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BITWISE BITCOIN ETF?
The short term momentum for BITWISE BITCOIN ETF (BITB) is negative.
What are the support and resistance levels for BITWISE BITCOIN ETF (BITB) stock?
BITWISE BITCOIN ETF (BITB) has a support level at 45.5 and a resistance level at 45.58. Check the full technical report for our detailed analysis of BITB support and resistance levels.