GLOBAL X BLOCK & BIT STRAT (BITS) Stock Technical Analysis
NASDAQ:BITS - Nasdaq - US37960A7274 - ETF - Currency: USD
Taking everything into account, BITS scores 2 out of 10 in our technical rating. In the past year, BITS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BITS is a bad performer in the overall market: 69% of all stocks are doing better.
BITS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: BITS has an average volume of 4242 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BITS has a been trading in the 45.63 - 59.84 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
The technical rating of BITS 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
50.03
59.73
2 important support areas can be observed.
- Support @57.25 from a horizontal line in the daily time frame.
- A support zone ranging from 50.54 to 50.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.04 to 59.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.13
Mansfield-1.34
10 Day High59.84
10 Day Low49.88
20 Day High59.84
20 Day Low45.63
52 Week High106.93
52 Week Low45.63
Performance
1 Week2.71%
2 Weeks17.98%
1 Month9%
3 Month-17.83%
6 Month-16.33%
12 Month-4.44%
2 Year73.05%
3 Year42.3%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.08
RSI(14)60.01
LBB47.76
UBB61.66
NASDAQ:BITS (5/1/2025, 8:47:21 PM)
59.0257
+1.78 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.1%
1 Week2.71%
2 Weeks17.98%
1 Month9%
3 Month-17.83%
6 Month-16.33%
12 Month-4.44%
2 Year73.05%
3 Year42.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%4.23%
ATR Inc11.76%
Range Today1.31
ADR(20)1.87
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.13
Mansfield-1.34
10 Day High59.84
10 Day Low49.88
20 Day High59.84
20 Day Low45.63
52 Week High106.93
52 Week Low45.63
CS1 End57.25
CR1 Start59.04
Volume & EV
DER(3)-2.87%
DER(5)-2.26%
Volume3.70K
Volume Incr-30.09%
Vol(5)3.02K
Vol(50)4.24K