BLOK-H Technical Analysis - GLOBALBLOCK DIGITAL ASSET TR

Technical Rating and Analysis

Taking everything into account, BLOK-H scores 0 out of 10 in our technical rating. BLOK-H scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

95% of all other stocks performed better in the past year than BLOK-H.

BLOK-H is part of the Software industry. There are 64 other stocks in this industry, of which 79% are performing better than BLOK-H.

BLOK-H is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month BLOK-H has a been trading in the 0.07 - 0.14 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.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLOBALBLOCK DIGITAL ASSET TR / BLOK-H Weekly stock chart

GLOBALBLOCK DIGITAL ASSET TR / BLOK-H Daily stock chart

Setup Rating and Analysis

The technical rating of BLOK-H is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.14

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @0.14 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for BLOK-H.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BLOK-H.CA is down.
ChartMill Relative Strength	5.29	NEGATIVE	BLOK-H.CA has a low relative strength, it was outperformed by 94.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BLOK-H.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BLOK-H.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BLOK-H.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	40.14	NEUTRAL	The RSI value for BLOK-H.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests BLOK-H.CA has a negative trend.
Stochastics (14,3)	5.13	OVERSOLD	The low Stochastics value suggests BLOK-H.CA may be oversold.
Average True Range in percent/ATR (20)	15	HIGH VOLATILITY	The high ATR as a percentage value for BLOK-H.CA suggests high volalility.
Average Directional Index/ADX (14)	16.37	NEGATIVE	The low ADX value for BLOK-H.CA suggests a weak or negative trend.