BITWISE 10 CRYPTO INDEX ETF (BITW) Technical Analysis
NYSEARCA:BITW • US0917491013
Current stock price
BITW Technical Rating and Analysis
Overall BITW gets a technical rating of 3 out of 10. In the last year, BITW was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 100% of all other stocks performed better in the past year than BITW.
- 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.
- In the last month BITW has a been trading in the 41.06 - 48.37 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
BITW Weekly and Daily overview Charts
BITW Setup Rating and Analysis
Although the technical rating is bad, BITW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for BITW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BITW Support and Resistance Analysis
40.91
When analyzing the support we notice one important area.
- A support zone ranging from 41.32 to 41.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @47.85 from a horizontal line in the daily time frame.
BITW Technical Indicator Signal Analysis
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 BITW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITW is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | BITW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITW is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 48.84 | NEUTRAL | The RSI value for BITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests BITW has a positive trend. |
| Stochastics (14,3) | 71.71 | NEUTRAL | The Stochastics value for BITW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BITW suggests some volalility. |
| Average Directional Index/ADX (14) | 25.1 | POSITIVE | The high ADX value value for BITW suggests a strong trend. |
BITW Chart- and CandleStick Pattern Analysis
BITW Technicals: Chart, Performance Metrics, Trend & Indicators
46.65
+0.68 (+1.48%)
BITWISE 10 CRYPTO INDEX ETF / BITW TA FAQ
What is the ChartMill technical rating of BITWISE 10 CRYPTO INDEX ETF (BITW) stock?
ChartMill assigns a technical rating of 3 / 10 to BITW.
What is the trend direction for BITW stock?
The current trend direction for BITWISE 10 CRYPTO INDEX ETF (BITW) is Bullish.
What is the RSI signal for BITW stock?
BITWISE 10 CRYPTO INDEX ETF (BITW) has an RSI value of 48.8369. This indicates that the stock is currently neutral.
What is the short term momentum for BITW stock?
The short term momentum for BITWISE 10 CRYPTO INDEX ETF (BITW) is neutral.