Overall BITX gets a technical rating of 0 out of 10. BITX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BITX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
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27.83
When analyzing the support we notice one important area.
- Support @28.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @65.22 from a horizontal line in the weekly time frame.
- Resistance @66.36 from a horizontal line in the daily time frame.
- Resistance @67.81 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BITX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITX is down. |
| ChartMill Relative Strength | 5.45 | NEGATIVE | BITX has a low relative strength, it was outperformed by 94.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.21 | NEUTRAL | The RSI value for BITX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests BITX has a positive trend. |
| Stochastics (14,3) | 11.94 | OVERSOLD | The low Stochastics value suggests BITX may be oversold. |
| Average True Range in percent/ATR (20) | 10.24 | HIGH VOLATILITY | The high ATR as a percentage value for BITX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.92 | POSITIVE | The high ADX value value for BITX suggests a strong trend. |
28.2
+2.1 (+8.05%)
2X BITCOIN STRATEGY ETF / BITX FAQ
Can you provide the ChartMill technical rating for 2X BITCOIN STRATEGY ETF?
ChartMill assigns a technical rating of 0 / 10 to BITX.
What is the trend direction for BITX stock?
The current trend direction for 2X BITCOIN STRATEGY ETF (BITX) is Bearish.
What is the RSI signal for 2X BITCOIN STRATEGY ETF (BITX) stock?
2X BITCOIN STRATEGY ETF (BITX) has an RSI value of 40.2087. This indicates that the stock is currently neutral.
What is the short term momentum for BITX stock?
The short term momentum for 2X BITCOIN STRATEGY ETF (BITX) is negative.
What is the support and resistance level for BITX stock?
2X BITCOIN STRATEGY ETF (BITX) has a support level at 28.11 and a resistance level at 65.22. Check the full technical report for our detailed analysis of BITX support and resistance levels.