GLOBAL X BLOCK & BIT STRAT (BITS) Stock Technical Analysis
NASDAQ:BITS - US37960A7274 - ETF
80.3741 USD
+0.19 (+0.24%)
We assign a technical rating of 9 out of 10 to BITS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BITS is showing a nice and steady performance.
Warning: BITS has an average volume of 3806 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month BITS has a been trading in the 74.69 - 82.00 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BITS did better than 85% 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.
BITS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 80.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.74, a Stop Loss order could be placed below this zone.
More info and screens
51.14
85.20
We found 4 important support areas.
- A support zone ranging from 78.87 to 79.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.69 to 74.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.77 from a trend line in the weekly time frame.
- Support @51.66 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @80.92 from a trend line in the daily time frame.
- A resistance zone ranging from 83.21 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 | UP | POSITIVE | The short term trend for BITS is up. |
| ChartMill Relative Strength | 85.77 | POSITIVE | BITS has a high relative strength, it outperformed 85.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITS is above 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) | DOWN | MIXED | The current price of BITS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.65 | NEUTRAL | The RSI value for BITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BITS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.08 | NEUTRAL | The Stochastics value for BITS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for BITS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for BITS suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.93 | 78.86 | 2.07 (2.56%) | 25.00% |
| An entry @80.93. This is a Buy Stop order right above the resistance zone. | An exit @78.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.07 points, which is 2.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of BITS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:BITS (8/27/2025, 8:00:01 PM)
80.3741
+0.19 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week1.89%
2 Weeks-0.5%
1 Month1.92%
3 Month25.68%
6 Month38.7%
12 Month32.28%
2 Year128.21%
3 Year171.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.17
ATR(20)%2.77%
ATR Inc-37.87%
Range Today0.47
ADR(20)1.57
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.77
Mansfield0.3
10 Day High82.01
10 Day Low77.5
20 Day High82.01
20 Day Low74.69
52 Week High106.93
52 Week Low45.63
CS1 End79.74
CR1 Start80.92
Volume & EV
DER(3)0.78%
DER(5)1.92%
Volume800
Volume Incr22.2%
Vol(5)3.22K
Vol(50)3.81K