NICHOLAS CRYPTO INCOME ETF (BLOX) Stock Technical Analysis
NYSEARCA:BLOX - NYSE Arca - US88636V7284 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to BLOX. In the last year, BLOX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BLOX has an average technical rating and also the quality of the setup is only medium 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.
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22.95
When analyzing the support we notice one important area.
- A support zone ranging from 23.18 to 23.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.42 to 23.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BLOX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLOX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BLOX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLOX is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 66.91 | NEUTRAL | The RSI value for BLOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests BLOX has a negative trend. |
| Stochastics (14,3) | 76.16 | NEUTRAL | The Stochastics value for BLOX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for BLOX suggests some volalility. |
| Average Directional Index/ADX (14) | 46.93 | POSITIVE | The high ADX value value for BLOX suggests a strong trend. |
23.19
-0.46 (-1.95%)