AMPLIFY BLOCKCHAIN TECH ETF (BLOK) Technical Analysis
NYSEARCA:BLOK • US0321086078
Current stock price
BLOK Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to BLOK. In the last year, BLOK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month BLOK has a been trading in the 46.90 - 58.80 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.
- When comparing the yearly performance of all stocks, we notice that BLOK is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- BLOK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLOK is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLOK Weekly and Daily overview Charts
BLOK Setup Rating and Analysis
BLOK has an average technical rating and it also does not offer a high 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
BLOK Support and Resistance Analysis
37.13
We found 3 important support areas.
- A support zone ranging from 58.37 to 58.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.37 from a trend line in the weekly time frame.
- Support @37.50 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.70 to 59.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
BLOK 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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLOK is up. |
| ChartMill Relative Strength | 78.64 | POSITIVE | BLOK has a high relative strength, it outperformed 78.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLOK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLOK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BLOK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.9 | NEUTRAL | The RSI value for BLOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests BLOK has a positive trend. |
| Stochastics (14,3) | 98.08 | OVERBOUGHT | The high Stochastics value suggests BLOK may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for BLOK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for BLOK suggests a weak or negative trend. |
BLOK Chart- and CandleStick Pattern Analysis
BLOK Technicals: Chart, Performance Metrics, Trend & Indicators
58.69
+0.13 (+0.22%)
AMPLIFY BLOCKCHAIN TECH ETF / BLOK TA FAQ
What is the ChartMill technical rating of AMPLIFY BLOCKCHAIN TECH ETF (BLOK) stock?
ChartMill assigns a technical rating of 6 / 10 to BLOK.
What is the trend direction for BLOK stock?
The current trend direction for AMPLIFY BLOCKCHAIN TECH ETF (BLOK) is Bearish.
What is the RSI signal for BLOK stock?
AMPLIFY BLOCKCHAIN TECH ETF (BLOK) has an RSI value of 67.8997. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMPLIFY BLOCKCHAIN TECH ETF?
The MACD indicator for AMPLIFY BLOCKCHAIN TECH ETF (BLOK) has a value of 1.0638, indicating a bullish trend.
Can you provide the support and resistance levels for AMPLIFY BLOCKCHAIN TECH ETF?
AMPLIFY BLOCKCHAIN TECH ETF (BLOK) has a support level at 58.68 and a resistance level at 58.7. Check the full technical report for our detailed analysis of BLOK support and resistance levels.