GLOBAL X BLOCK & BIT STRAT (BITS) Stock Technical Analysis
NASDAQ:BITS - Nasdaq - US37960A7274 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to BITS. Both in the recent history as in the last year, BITS has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month BITS has a been trading in the 74.69 - 85.91 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BITS has an average volume of 4468 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, BITS did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Considerably lower volume is observed in the last couple of days.
Although BITS 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
50.89
85.20
We found 3 important support areas.
- A support zone ranging from 73.33 to 75.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.07 from a trend line in the weekly time frame.
- Support @51.40 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 80.41 to 81.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.91 to 84.36. 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 BITS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITS is neutral. |
| ChartMill Relative Strength | 83.74 | POSITIVE | BITS has a high relative strength, it outperformed 83.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BITS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITS is above the rising 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) | 50.92 | NEUTRAL | The RSI value for BITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.07 | NEGATIVE | The MACD value suggests BITS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.82 | NEUTRAL | The Stochastics value for BITS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BITS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | 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)
NASDAQ:BITS (8/6/2025, 4:15:16 PM)
77.945
+1.52 (+1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.99%
1 Week-1.16%
2 Weeks-6.2%
1 Month1.27%
3 Month24.49%
6 Month12.25%
12 Month26.33%
2 Year121.31%
3 Year162.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.29
ATR(20)%3.11%
ATR Inc-43.68%
Range Today1.27
ADR(20)1.84
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.74
Mansfield0.26
10 Day High84.2
10 Day Low74.69
20 Day High85.91
20 Day Low74.69
52 Week High106.93
52 Week Low45.63
CS1 End75.79
CR1 Start80.41
Volume & EV
DER(3)3.51%
DER(5)-0.64%
Volume1.25K
Volume Incr-46.03%
Vol(5)2.27K
Vol(50)4.47K