AMPLIFY BIT 2% MNTH OPT INC (BITY) Stock Technical Analysis
NYSEARCA:BITY - NYSE Arca - US0321084586 - ETF - Currency: USD
Overall BITY gets a technical rating of 4 out of 10. BITY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, BITY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 57.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BITY 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.
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53.62
2 important support areas can be observed.
- A support zone ranging from 56.83 to 57.36. 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 54.16 to 54.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.49 to 60.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 BITY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BITY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITY is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 51.84 | NEUTRAL | The RSI value for BITY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests BITY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.91 | NEUTRAL | The Stochastics value for BITY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for BITY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.6 | NEGATIVE | The low ADX value for BITY suggests a weak or negative trend. |
NYSEARCA:BITY (8/8/2025, 8:21:03 PM)
58.85
-0.26 (-0.44%)