78.3056 USD
-1.07 (-1.35%)
80.34 USD
+2.03 (+2.6%)
We assign a technical rating of 0 out of 10 to BITS. BITS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BITS is a bad performer in the overall market: 80% of all stocks are doing better.
In the last month BITS has a been trading in the 75.67 - 89.08 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BITS has an average volume of 6074 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BITS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BITS is lagging the market.
BITS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
73.94
88.43
2 important support areas can be observed.
- Support @76.52 from a trend line in the daily time frame.
- A support zone ranging from 74.69 to 75.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 78.43 to 78.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 85.70 to 87.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for BITS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITS is down. |
| ChartMill Relative Strength | 20.44 | NEGATIVE | BITS has a low relative strength, it was outperformed by 79.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.51 | NEUTRAL | The RSI value for BITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests BITS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.74 | NEUTRAL | The Stochastics value for BITS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for BITS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.82 | NEUTRAL | The ADX value for BITS suggests a possible start of a new 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)
78.3056
-1.07 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.35%
1 Week3.48%
2 Weeks-8.99%
1 Month-6.24%
3 Month-13.55%
6 Month10.87%
12 Month-11.48%
2 Year47.3%
3 Year309.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.25
ATR(20)%4.2%
ATR Inc-35.98%
Range Today3.33
ADR(20)2.32
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.44
3 months CRS19.13
6 months CRS68.07
Mansfield-0.64
10 Day High86.49
10 Day Low75.67
20 Day High89.08
20 Day Low75.67
52 Week High118.78
52 Week Low45.63
CS1 End76.52
CR1 Start78.43
Volume & EV
DER(3)-2.26%
DER(5)-1.57%
Volume13.30K
Volume Incr-16.57%
Vol(5)5.54K
Vol(50)6.07K
GLOBAL X BLOCK & BIT STRAT / BITS FAQ
Can you provide the ChartMill technical rating for GLOBAL X BLOCK & BIT STRAT?
ChartMill assigns a technical rating of 0 / 10 to BITS.
Can you provide the trend direction for GLOBAL X BLOCK & BIT STRAT?
The current trend direction for GLOBAL X BLOCK & BIT STRAT (BITS) is Bearish.
Can you provide the RSI signal for GLOBAL X BLOCK & BIT STRAT?
GLOBAL X BLOCK & BIT STRAT (BITS) has an RSI value of 41.5052. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL X BLOCK & BIT STRAT?
The short term momentum for GLOBAL X BLOCK & BIT STRAT (BITS) is negative.
What is the buy/sell signal for GLOBAL X BLOCK & BIT STRAT (BITS) stock?
The buy/sell signal for GLOBAL X BLOCK & BIT STRAT (BITS) is sell as both the short term and long term trends are negative.