EVOLVE BITCOIN ETF (EBIT.CA) Stock Technical Analysis
TSX:EBIT - Toronto Stock Exchange - CA09175J1084 - ETF - Currency: CAD
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.
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.
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48.33
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.
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 | 87.27 | POSITIVE | EBIT.CA has a high relative strength, it outperformed 87.27% 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) | 61.4 | NEUTRAL | The RSI value for EBIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests EBIT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70 | NEUTRAL | The Stochastics value for EBIT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for EBIT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for EBIT.CA suggests a possible start of a new trend. |
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 | 54.75 | 3.43 (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.
TSX:EBIT (7/23/2025, 7:00:00 PM)
56.92
-0.5 (-0.87%)