EVOLVE BITCOIN ETF (EBIT.CA) Stock Technical Analysis
TSX:EBIT - Toronto Stock Exchange - CA09175J1084 - ETF - Currency: CAD
Taking everything into account, EBIT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, EBIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EBIT did better than 87% of all other stocks.
EBIT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
EBIT 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.
EBIT 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 55.02, a Stop Loss order could be placed below this zone.
More info and screens
48.33
58.75
4 important support areas can be observed.
- A support zone ranging from 54.80 to 55.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.52 to 53.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.32 from a horizontal line in the weekly time frame.
- A support zone ranging from 48.82 to 49.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 57.40 to 58.17. 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 EBIT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBIT.CA is up. |
| ChartMill Relative Strength | 87.33 | POSITIVE | EBIT.CA has a high relative strength, it outperformed 87.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBIT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBIT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBIT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.06 | NEUTRAL | The RSI value for EBIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EBIT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.39 | NEUTRAL | The Stochastics value for EBIT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for EBIT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for EBIT.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 58.18 | 56.28 | 1.90 (3.27%) | 25.00% |
| An entry @58.18. This is a Buy Stop order right above the resistance zone. | An exit @56.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.90 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of EBIT. 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.
TSX:EBIT (7/24/2025, 7:00:00 PM)
57.39
+0.47 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week-0.78%
2 Weeks4.75%
1 Month9.63%
3 Month22.16%
6 Month7.13%
12 Month78.73%
2 Year308.76%
3 Year401.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%2.07%
ATR Inc-35.84%
Range Today0.86
ADR(20)0.91
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.33
Mansfield1.98
10 Day High59.19
10 Day Low56.29
20 Day High59.19
20 Day Low51.45
52 Week High59.19
52 Week Low25.93
CS1 End55.02
CR1 Start57.4
Volume & EV
DER(3)-3.92%
DER(5)-5.87%
Volume21.60K
Volume Incr-18.45%
Vol(5)36.69K
Vol(50)40.10K