BITWISE WEB3 ETF (BWEB) Stock Technical Analysis
NYSEARCA:BWEB - NYSE Arca - US0917481030 - ETF - Currency: USD
Taking everything into account, BWEB scores 6 out of 10 in our technical rating. Although BWEB has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Warning: BWEB has an average volume of 970 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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 BWEB has a been trading in the 45.12 - 53.53 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BWEB did better than 83% of all other stocks. However, we also see that BWEB couldn't keep up this performance in the last couple of months.
BWEB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
BWEB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 53.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
42.26
64.54
4 important support areas can be observed.
- A support zone ranging from 52.04 to 52.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.84 to 50.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.62 from a trend line in the weekly time frame.
- Support @42.69 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 53.54 to 53.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @62.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 63.90 to 63.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.93
Mansfield0.67
10 Day High53.53
10 Day Low51
20 Day High53.53
20 Day Low45.12
52 Week High65.15
52 Week Low32.43
Performance
1 Week2.08%
2 Weeks5.34%
1 Month11.77%
3 Month-12.58%
6 Month-1.18%
12 Month31.33%
2 Year69.39%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.55
RSI(14)61.39
LBB46.95
UBB55.59
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.55 | 52.03 | 1.52 (2.84%) | 25.00% |
| An entry @53.55. This is a Buy Stop order right above the resistance zone. | An exit @52.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.52 points, which is 2.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of BWEB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:BWEB (5/8/2025, 8:04:01 PM)
53.5304
+1.09 (+2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.08%
1 Week2.08%
2 Weeks5.34%
1 Month11.77%
3 Month-12.58%
6 Month-1.18%
12 Month31.33%
2 Year69.39%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%1.9%
ATR Inc-44.83%
Range Today0.25
ADR(20)0.37
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.93
Mansfield0.67
10 Day High53.53
10 Day Low51
20 Day High53.53
20 Day Low45.12
52 Week High65.15
52 Week Low32.43
CS1 End52.43
CR1 Start53.54
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-80.49%
Vol(5)240
Vol(50)970