EVOLVE BITCOIN ETF USD (EBIT-U.CA) Stock Technical Analysis
TSX:EBIT-U - Toronto Stock Exchange - CA09175J1167 - ETF - Currency: USD
Overall EBIT-U gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EBIT-U has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: EBIT-U has an average volume of 1560 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that EBIT-U is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, EBIT-U also shows a nice and consistent pattern of rising prices.
EBIT-U is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EBIT-U is lagging the market slightly.
EBIT-U is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
EBIT-U has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 40.54, a Stop Loss order could be placed below this zone.
More info and screens
29.47
42.96
We found 4 important support areas.
- A support zone ranging from 40.49 to 40.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.45 to 36.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.48 from a trend line in the weekly time frame.
- Support @29.77 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.38 to 41.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.53 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 | UP | POSITIVE | The long term trend for EBIT-U.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EBIT-U.CA is neutral. |
| ChartMill Relative Strength | 85.61 | POSITIVE | EBIT-U.CA has a high relative strength, it outperformed 85.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EBIT-U.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBIT-U.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBIT-U.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.92 | NEUTRAL | The RSI value for EBIT-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests EBIT-U.CA has a negative trend. |
| Stochastics (14,3) | 10.62 | OVERSOLD | The low Stochastics value suggests EBIT-U.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for EBIT-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for EBIT-U.CA suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 41.85 | 40.48 | 1.37 (3.27%) | 25.00% |
| An entry @41.85. This is a Buy Stop order right above the resistance zone. | An exit @40.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.37 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- 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.
TSX:EBIT-U (8/6/2025, 7:00:00 PM)
40.82
+0.3 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.74%
1 Week-1.66%
2 Weeks-3.32%
1 Month6.25%
3 Month11.32%
6 Month19.36%
12 Month77.71%
2 Year300.98%
3 Year438.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.06%
ATR Inc-57.48%
Range Today0.59
ADR(20)0.46
ADR(20)%1.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.61
Mansfield1.73
10 Day High42.16
10 Day Low40.23
20 Day High43.12
20 Day Low38.54
52 Week High43.12
52 Week Low19.47
CS1 End40.54
CR1 Start41.38
Volume & EV
DER(3)-19.67%
DER(5)-11.8%
Volume525
Volume Incr-70.82%
Vol(5)522.4
Vol(50)1.56K