BITWISE CRYPTO IND INNOV ETF (BITQ) Stock Technical Analysis
NYSEARCA:BITQ - NYSE Arca - US3015056241 - ETF - Currency: USD
Overall BITQ gets a technical rating of 8 out of 10. In the last year, BITQ was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BITQ is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BITQ 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 BITQ is lagging the market slightly.
In the last month BITQ has a been trading in the 13.98 - 18.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BITQ has an excellent technical rating, it does not offer a high 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
10.78
18.57
We found 3 important support areas.
- Support @12.15 from a trend line in the weekly time frame.
- Support @11.65 from a trend line in the weekly time frame.
- Support @10.89 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.98 to 17.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.92 to 18.39. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for BITQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITQ is up. |
| ChartMill Relative Strength | 88.72 | POSITIVE | BITQ has a high relative strength, it outperformed 88.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BITQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.28 | NEUTRAL | The RSI value for BITQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BITQ has a negative trend. |
| Stochastics (14,3) | 34.23 | NEUTRAL | The Stochastics value for BITQ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for BITQ suggests some volalility. |
| Average Directional Index/ADX (14) | 30.25 | POSITIVE | The high ADX value value for BITQ suggests a strong 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)
16.08
-0.43 (-2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.6%
1 Week-9.26%
2 Weeks-0.92%
1 Month12.84%
3 Month7.06%
6 Month-23.46%
12 Month34.67%
2 Year127.76%
3 Year82.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%4.86%
ATR Inc-24.03%
Range Today0.45
ADR(20)0.63
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.72
Mansfield0.14
10 Day High18.73
10 Day Low15.84
20 Day High18.73
20 Day Low13.98
52 Week High23.09
52 Week Low10.03
CS1 End12.15
CR1 Start16.98
Volume & EV
DER(3)-8.8%
DER(5)-3.91%
Volume80.00K
Volume Incr-10.86%
Vol(5)113.46K
Vol(50)138.82K