Taking everything into account, BITY scores 0 out of 10 in our technical rating. BITY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than BITY.
- In the last month BITY has a been trading in the 29.35 - 43.81 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: BITY has an average volume of 10322 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of BITY is bad and it also does not present a quality setup 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
31.42
2 important resistance areas can be observed.
- A resistance zone ranging from 39.35 to 40.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.16 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 BITY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITY is down. |
| 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) | DOWN | NEGATIVE | The current price of BITY is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 29.7 | OVERSOLD | The low RSI value suggests BITY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests BITY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.65 | OVERSOLD | The low Stochastics value suggests BITY may be oversold. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for BITY suggests some volalility. |
| Average Directional Index/ADX (14) | 35.59 | POSITIVE | The high ADX value value for BITY suggests a strong trend. |
31.74
+0.33 (+1.05%)
AMPLIFY BIT 2% MNTH OPT INC / BITY FAQ
What is the technical rating for BITY stock?
ChartMill assigns a technical rating of 0 / 10 to BITY.
What is the current trend direction of AMPLIFY BIT 2% MNTH OPT INC (BITY) stock?
The current trend direction for AMPLIFY BIT 2% MNTH OPT INC (BITY) is Bearish.
Can you provide the RSI signal for AMPLIFY BIT 2% MNTH OPT INC?
AMPLIFY BIT 2% MNTH OPT INC (BITY) has an RSI value of 29.7004. This indicates that the stock is currently oversold.
What is the MACD signal for AMPLIFY BIT 2% MNTH OPT INC (BITY) stock?
The MACD indicator for AMPLIFY BIT 2% MNTH OPT INC (BITY) has a value of -0.920882, indicating a bearish trend.
Can you provide the support and resistance levels for AMPLIFY BIT 2% MNTH OPT INC?
AMPLIFY BIT 2% MNTH OPT INC (BITY) has a resistance level at 39.35. Check the full technical report for our detailed analysis of BITY support and resistance levels.