EVOLVE BITCOIN ETF USD (EBIT-U.CA) Stock Technical Analysis
Canada - TSX:EBIT-U - CA09175J1167 - ETF
40.03 USD
-0.65 (-1.6%)
Overall EBIT-U gets a technical rating of 6 out of 10. In the last year, EBIT-U was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: EBIT-U has an average volume of 1382 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.
Looking at the yearly performance, EBIT-U did better than 78% of all other 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.
In the last month EBIT-U has a been trading in the 38.41 - 41.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
EBIT-U 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
36.09
43.83
4 important support areas can be observed.
- A support zone ranging from 39.88 to 39.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.40 to 38.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.58 from a trend line in the weekly time frame.
- Support @36.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 40.16 to 40.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @41.85 from a horizontal line in the weekly time frame.
- Resistance @42.52 from a horizontal line in the daily time frame.
- Resistance @43.40 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 | 78.86 | POSITIVE | EBIT-U.CA has a high relative strength, it outperformed 78.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EBIT-U.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EBIT-U.CA is below a declining 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) | 47.54 | NEUTRAL | The RSI value for EBIT-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests EBIT-U.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.58 | NEUTRAL | The Stochastics value for EBIT-U.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for EBIT-U.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.78 | 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)
TSX:EBIT-U (9/22/2025, 7:00:00 PM)
40.03
-0.65 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.6%
1 Week-1.36%
2 Weeks0.91%
1 Month-3.05%
3 Month5.9%
6 Month34.46%
12 Month69.76%
2 Year306.4%
3 Year447.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%1.76%
ATR Inc24.97%
Range Today0.18
ADR(20)0.32
ADR(20)%0.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.86
Mansfield0.34
10 Day High41.63
10 Day Low39.51
20 Day High41.63
20 Day Low38.41
52 Week High43.39
52 Week Low21.27
CS1 End39.98
CR1 Start40.16
Volume & EV
DER(3)0%
DER(5)4%
Volume204
Volume Incr-55.87%
Vol(5)617.8
Vol(50)1.38K