BITWISE CRYPTO IND INNOV ETF (BITQ) Stock Technical Analysis
NYSEARCA:BITQ - US3015056241 - ETF
19.87 USD
-0.04 (-0.2%)
Taking everything into account, BITQ scores 6 out of 10 in our technical rating. In the last year, BITQ was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BITQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BITQ is lagging the market slightly.
In the last month BITQ has a been trading in the 18.39 - 21.05 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, BITQ did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BITQ has only a medium technical rating, but it does show 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 19.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BITQ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.49
22.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.61 to 19.85. 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 18.90 to 18.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.05 from a trend line in the weekly time frame.
- Support @12.62 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @21.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.33 to 22.33. 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 | UP | POSITIVE | The long term trend for BITQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITQ is neutral. |
| ChartMill Relative Strength | 90.91 | POSITIVE | BITQ has a high relative strength, it outperformed 90.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BITQ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BITQ is below 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) | 50.27 | NEUTRAL | The RSI value for BITQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BITQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.85 | NEUTRAL | The Stochastics value for BITQ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BITQ suggests some volalility. |
| Average Directional Index/ADX (14) | 12.17 | NEGATIVE | The low ADX value for BITQ 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)
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 |
|---|---|---|---|
| 20.57 | 19.60 | 0.97 (4.74%) | 21.11% |
| An entry @20.57. This is a Buy Stop order right above the 10 day high. | An exit @19.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.97 points, which is 4.74%. | For a 1.00% total portfolio risk, you can invest 21.11% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BITQ. 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.
NYSEARCA:BITQ (8/26/2025, 10:15:12 AM)
19.87
-0.04 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.2%
1 Week-1.78%
2 Weeks0.76%
1 Month-4.92%
3 Month23.82%
6 Month32.56%
12 Month62.4%
2 Year161.63%
3 Year164.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%4.19%
ATR Inc37.41%
Range Today0.22
ADR(20)0.76
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.91
Mansfield0.82
10 Day High20.56
10 Day Low18.39
20 Day High21.05
20 Day Low18.39
52 Week High23.09
52 Week Low10.5
CS1 End19.85
CR1 Start21.69
Volume & EV
DER(3)3.48%
DER(5)3.92%
Volume53.74K
Volume Incr-21.75%
Vol(5)230.62K
Vol(50)229.99K