GLOBAL X BLOCK & BIT STRAT (BITS) Stock Technical Analysis
USA - NASDAQ:BITS - US37960A7274 - ETF
108.767 USD
-4.41 (-3.9%)
Overall BITS gets a technical rating of 10 out of 10. 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 3382 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BITS is one of the better performing stocks in the market, outperforming 92% of all stocks.
A new 52 week high is currently being made by BITS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BITS has a been trading in the 89.00 - 116.41 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher 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
85.42
109.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 98.39 to 99.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @86.28 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 | 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 | 92.35 | POSITIVE | BITS has a high relative strength, it outperformed 92.35% 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) | UP | POSITIVE | The current price of BITS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.24 | NEUTRAL | The RSI value for BITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests BITS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.57 | OVERBOUGHT | The high Stochastics value suggests BITS may be overbought. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for BITS suggests some volalility. |
| Average Directional Index/ADX (14) | 40.52 | POSITIVE | The high ADX value value for BITS suggests a strong 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 (10/10/2025, 9:12:32 PM)
108.767
-4.41 (-3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.9%
1 Week3.27%
2 Weeks20.08%
1 Month21.36%
3 Month35.89%
6 Month113.73%
12 Month68.63%
2 Year185.8%
3 Year295.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.18
ATR(20)%3.33%
ATR Inc28.86%
Range Today7.64
ADR(20)2.59
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.35
Mansfield3.38
10 Day High116.41
10 Day Low95.36
20 Day High116.41
20 Day Low89
52 Week High116.41
52 Week Low45.63
CS1 End99.47
CR1 StartN/A
Volume & EV
DER(3)-6.77%
DER(5)-3.73%
Volume4.20K
Volume Incr43.82%
Vol(5)5.36K
Vol(50)3.38K