BITWISE CRYPTO IND INNOV ETF (BITQ) Stock Technical Analysis
USA - NYSEARCA:BITQ - US3015056241 - ETF
26.89 USD
+0.95 (+3.66%)
27.23 USD
+0.34 (+1.26%)
Taking everything into account, BITQ scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BITQ is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BITQ did better than 92% of all other stocks.
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 22.93 - 31.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although BITQ has an excellent technical rating, the quality of the presented setup is not ideal 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
21.29
27.16
When analyzing the support we can see 3 important areas.
- Support @25.94 from a horizontal line in the daily time frame.
- Support @22.61 from a trend line in the daily time frame.
- Support @21.51 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for BITQ is neutral. |
| ChartMill Relative Strength | 92.3 | POSITIVE | BITQ has a high relative strength, it outperformed 92.3% 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) | 51.33 | NEUTRAL | The RSI value for BITQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests BITQ has a negative trend. |
| Stochastics (14,3) | 26.85 | NEUTRAL | The Stochastics value for BITQ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for BITQ suggests high volalility. |
| Average Directional Index/ADX (14) | 34.34 | 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)
26.89
+0.95 (+3.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.66%
1 Week-5.58%
2 Weeks-8.44%
1 Month12.46%
3 Month26.3%
6 Month91.12%
12 Month76.44%
2 Year287.46%
3 Year337.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.88
ATR(20)%6.03%
ATR Inc21.25%
Range Today1.43
ADR(20)1.46
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.3
3 months CRS88.89
6 months CRS92.86
Mansfield2.97
10 Day High31.45
10 Day Low25.06
20 Day High31.45
20 Day Low22.93
52 Week High31.45
52 Week Low10.5
CS1 End25.94
CR1 StartN/A
Volume & EV
DER(3)1.59%
DER(5)2.91%
Volume1.06M
Volume Incr52.43%
Vol(5)401.90K
Vol(50)255.89K