AMPLIFY BLOCKCHAIN TECH ETF (BLOK) Stock Technical Analysis
USA - NYSEARCA:BLOK - US0321086078 - ETF
We assign a technical rating of 3 out of 10 to BLOK. Although BLOK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of BLOK 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.
More info and screens
36.20
3 important support areas can be observed.
- A support zone ranging from 59.78 to 59.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.05 from a trend line in the weekly time frame.
- Support @36.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @74.10 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 | NEUTRAL | NEUTRAL | The long term trend for BLOK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLOK is down. |
| ChartMill Relative Strength | 78.67 | POSITIVE | BLOK has a high relative strength, it outperformed 78.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLOK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLOK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLOK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.23 | NEUTRAL | The RSI value for BLOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests BLOK has a negative trend. |
| Stochastics (14,3) | 6.11 | OVERSOLD | The low Stochastics value suggests BLOK may be oversold. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BLOK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.74 | NEGATIVE | The low ADX value for BLOK suggests a weak or negative trend. |
59.79
-0.72 (-1.19%)
AMPLIFY BLOCKCHAIN TECH ETF / BLOK FAQ
What is the ChartMill technical rating of AMPLIFY BLOCKCHAIN TECH ETF (BLOK) stock?
ChartMill assigns a technical rating of 3 / 10 to BLOK.
Can you provide the trend direction for AMPLIFY BLOCKCHAIN TECH ETF?
The current trend direction for AMPLIFY BLOCKCHAIN TECH ETF (BLOK) is Bearish.
Can you provide the RSI signal for AMPLIFY BLOCKCHAIN TECH ETF?
AMPLIFY BLOCKCHAIN TECH ETF (BLOK) has an RSI value of 33.2302. This indicates that the stock is currently neutral.
What are the support and resistance levels for AMPLIFY BLOCKCHAIN TECH ETF (BLOK) stock?
AMPLIFY BLOCKCHAIN TECH ETF (BLOK) has a support level at 59.78 and a resistance level at 74.1. Check the full technical report for our detailed analysis of BLOK support and resistance levels.