BITWISE CRYPTO IND INNOV ETF (BITQ) Stock Technical Analysis
USA - NYSEARCA:BITQ - US3015056241 - ETF
24.59 USD
+0.27 (+1.11%)
24.8 USD
+0.21 (+0.85%)
Overall BITQ gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BITQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BITQ did better than 93% of all other stocks.
A new 52 week high is currently being made by BITQ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BITQ has a been trading in the 19.01 - 24.80 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BITQ has an excellent technical rating, it does not present a decent entry opportunity 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
12.64
24.84
We found 4 important support areas.
- A support zone ranging from 20.52 to 20.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.86 from a trend line in the daily time frame.
- Support @18.90 from a horizontal line in the daily time frame.
- Support @12.77 from a trend 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 | 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 | 93.45 | POSITIVE | BITQ has a high relative strength, it outperformed 93.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITQ is above 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) | 78.54 | OVERBOUGHT | The high RSI value suggests BITQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests BITQ has a positive trend. |
| Stochastics (14,3) | 95.42 | OVERBOUGHT | The high Stochastics value suggests BITQ may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for BITQ suggests some volalility. |
| Average Directional Index/ADX (14) | 27.04 | 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)
24.59
+0.27 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.11%
1 Week9.29%
2 Weeks24.95%
1 Month27.74%
3 Month36.61%
6 Month82.55%
12 Month99.27%
2 Year267.02%
3 Year283.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%3.36%
ATR Inc-8.85%
Range Today0.54
ADR(20)0.78
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.45
Mansfield2.61
10 Day High24.8
10 Day Low19.46
20 Day High24.8
20 Day Low19.01
52 Week High24.8
52 Week Low10.5
CS1 End20.82
CR1 StartN/A
Volume & EV
DER(3)8.31%
DER(5)6.95%
Volume155.20K
Volume Incr-22.74%
Vol(5)173.26K
Vol(50)257.89K