BITWISE SOLANA STAKING ETF (BSOL) Technical Analysis
NYSEARCA:BSOL • US0919481095
Current stock price
BSOL Technical Rating and Analysis
Overall BSOL gets a technical rating of 0 out of 10. BSOL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, BSOL is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month BSOL has a been trading in the 10.27 - 12.80 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.
- BSOL has an average volume of 2419020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BSOL Weekly and Daily overview Charts
BSOL Setup Rating and Analysis
The technical rating of BSOL is bad and it also does not present a 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
BSOL Support and Resistance Analysis
10.11
When analyzing the support we notice one important area.
- Support @10.21 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.25 to 11.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.88 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
BSOL 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 BSOL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSOL is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BSOL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSOL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSOL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 38.46 | NEUTRAL | The RSI value for BSOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BSOL has a negative trend. |
| Stochastics (14,3) | 16.4 | OVERSOLD | The low Stochastics value suggests BSOL may be oversold. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for BSOL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.09 | NEGATIVE | The low ADX value for BSOL suggests a weak or negative trend. |
BSOL Chart- and CandleStick Pattern Analysis
BSOL Technicals: Chart, Performance Metrics, Trend & Indicators
10.58
-0.66 (-5.87%)
BITWISE SOLANA STAKING ETF / BSOL TA FAQ
What is the technical rating for BSOL stock?
ChartMill assigns a technical rating of 0 / 10 to BSOL.
What is the current trend direction of BITWISE SOLANA STAKING ETF (BSOL) stock?
The current trend direction for BITWISE SOLANA STAKING ETF (BSOL) is Bearish.
What is the RSI signal for BSOL stock?
BITWISE SOLANA STAKING ETF (BSOL) has an RSI value of 38.4573. This indicates that the stock is currently neutral.
What is the MACD signal for BITWISE SOLANA STAKING ETF (BSOL) stock?
The MACD indicator for BITWISE SOLANA STAKING ETF (BSOL) has a value of -0.0697234, indicating a bearish trend.