GLOBAL X BLOCK & BIT STRAT (BITS) Stock Technical Analysis
USA - NASDAQ:BITS - US37960A7274 - ETF
Taking everything into account, BITS scores 1 out of 10 in our technical rating. BITS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of BITS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
52.08
When analyzing the support we notice one important area.
- Support @52.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @107.79 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 | NEUTRAL | NEUTRAL | The long term trend for BITS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITS is down. |
| ChartMill Relative Strength | 35.83 | NEUTRAL | BITS is not amongst the best or worst performers 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) | UP | MIXED | The current price of BITS is below 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) | 30.59 | NEUTRAL | The RSI value for BITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.83 | NEGATIVE | The MACD value suggests BITS has a negative trend. |
| Stochastics (14,3) | 1.74 | OVERSOLD | The low Stochastics value suggests BITS may be oversold. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for BITS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.24 | POSITIVE | The high ADX value value for BITS suggests a strong trend. |
NASDAQ:BITS (11/14/2025, 8:00:01 PM)
83.6684
-3.11 (-3.59%)
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 1 / 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 30.5908. 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.