AMPLIFY BIT 2% MNTH OPT INC (BITY) Stock Technical Analysis
USA - NYSEARCA:BITY - US0321084586 - ETF
54.1389 USD
-0.21 (-0.39%)
53.01 USD
-1.13 (-2.09%)
Taking everything into account, BITY scores 1 out of 10 in our technical rating. BITY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
100% of all other stocks performed better in the past year than BITY.
In the last month BITY has a been trading in the 53.24 - 59.21 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.
Warning: BITY has an average volume of 11512 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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
53.14
61.85
We found 1 important support area.
- A support zone ranging from 53.68 to 53.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 54.16 to 54.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 56.55 to 57.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @58.90 from a horizontal line in the daily time frame.
- Resistance @60.04 from a horizontal line in the weekly time frame.
- Resistance @61.24 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 | UP | POSITIVE | The long term trend for BITY is up. |
| 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) | 40.05 | NEUTRAL | The RSI value for BITY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BITY has a negative trend. |
| Stochastics (14,3) | 21.71 | NEUTRAL | The Stochastics value for BITY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for BITY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.87 | NEGATIVE | The low ADX value for BITY suggests a weak or negative 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)
54.1389
-0.21 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.39%
1 Week-7.77%
2 Weeks-2.86%
1 Month-6.53%
3 Month-9.81%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%2.36%
ATR Inc70.98%
Range Today0.9
ADR(20)1
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High59
10 Day Low53.24
20 Day High59.21
20 Day Low53.24
52 Week HighN/A
52 Week LowN/A
CS1 End53.68
CR1 Start54.16
Volume & EV
DER(3)-6.14%
DER(5)-7.49%
Volume15.10K
Volume Incr-4.02%
Vol(5)10.38K
Vol(50)11.51K