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EVOLVE BITCOIN ETF (EBIT.CA) Stock Technical Analysis

TSX:EBIT - Toronto Stock Exchange - CA09175J1084 - ETF - Currency: CAD

56.92  -0.5 (-0.87%)

Technical Rating and Analysis

10

Overall EBIT gets a technical rating of 10 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that EBIT is one of the better performing stocks in the market, outperforming 87% of all 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.
Weekly and Daily overview Charts
EVOLVE BITCOIN ETF / EBIT Weekly stock chart
EVOLVE BITCOIN ETF / EBIT Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, EBIT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 54.80, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

48.33

58.75

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 54.76 to 54.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 52.46 to 52.95. 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.

When analyzing the resistance we notice one important area.

  • Resistance @58.17 from a horizontal line in the daily time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for EBIT.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for EBIT.CA is up.
ChartMill Relative Strength87.27POSITIVEEBIT.CA has a high relative strength, it outperformed 87.27% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of EBIT.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of EBIT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of EBIT.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)61.4NEUTRALThe RSI value for EBIT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.14POSITIVEThe MACD value suggests EBIT.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)70NEUTRALThe Stochastics value for EBIT.CA is a neutral value.
Average True Range in percent/ATR (20)2.12MEDIUM VOLATILITYThe ATR as a percentage value for EBIT.CA suggests some volalility.
Average Directional Index/ADX (14)21.98NEUTRALThe ADX value for EBIT.CA suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
58.1854.753.43 (5.90%)16.96%
An entry @58.18. This is a Buy Stop order right above the resistance zone.An exit @54.75. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.43 points, which is 5.90%.When investing 16.96% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
EVOLVE BITCOIN ETF / EBIT Daily stock chart

EVOLVE BITCOIN ETF

TSX:EBIT (7/23/2025, 7:00:00 PM)

56.92

-0.5 (-0.87%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.87%
1 Week-1.54%
2 Weeks5.1%
1 Month10.83%
3 Month21.16%
6 Month6.25%
12 Month77.27%
2 Year305.41%
3 Year397.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%2.12%
ATR Inc-16.02%
Range Today0.62
ADR(20)0.9
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
CRS87.27
Mansfield1.89
10 Day High59.19
10 Day Low53.63
20 Day High59.19
20 Day Low51.45
52 Week High59.19
52 Week Low25.93
CS1 End54.8
CR1 Start58.17
Volume & EV
DER(3)-2.14%
DER(5)-6.42%
Volume35.95K
Volume Incr-23.11%
Vol(5)36.91K
Vol(50)40.33K