GLOBAL X BLOCKCHAIN ETF (BKCH) Stock Technical Analysis
USA - NASDAQ:BKCH - US37960A7357 - ETF
108.97 USD
+3.84 (+3.65%)
113.52 USD
+4.55 (+4.18%)
We assign a technical rating of 10 out of 10 to BKCH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BKCH is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BKCH is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, BKCH also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by BKCH, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BKCH has a been trading in the 71.33 - 109.28 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BKCH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
67.17
110.06
When analyzing the support we can see 2 important areas.
- Support @89.40 from a trend line in the daily time frame.
- Support @67.85 from a trend 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 BKCH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKCH is up. |
| ChartMill Relative Strength | 96.34 | POSITIVE | BKCH has a high relative strength, it outperformed 96.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKCH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKCH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.89 | OVERBOUGHT | The high RSI value suggests BKCH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.9 | POSITIVE | The MACD value suggests BKCH has a positive trend. |
| Stochastics (14,3) | 94.82 | OVERBOUGHT | The high Stochastics value suggests BKCH may be overbought. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for BKCH suggests some volalility. |
| Average Directional Index/ADX (14) | 48.76 | POSITIVE | The high ADX value value for BKCH suggests a strong 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)
108.97
+3.84 (+3.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.65%
1 Week18.34%
2 Weeks35.96%
1 Month52.58%
3 Month87.46%
6 Month228.22%
12 Month136.99%
2 Year361.74%
3 Year366.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.48
ATR(20)%4.39%
ATR Inc1.43%
Range Today5.01
ADR(20)4.17
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.34
Mansfield7.68
10 Day High109.28
10 Day Low76.37
20 Day High109.28
20 Day Low71.33
52 Week High109.28
52 Week Low28.22
CS1 End89.4
CR1 StartN/A
Volume & EV
DER(3)-4.65%
DER(5)1.3%
Volume148.80K
Volume Incr120.76%
Vol(5)156.79K
Vol(50)82.61K