EVOLVE BITCOIN ETF (EBIT.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:EBIT - CA09175J1084 - ETF
Overall EBIT gets a technical rating of 2 out of 10. In the past year, EBIT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, EBIT is a bad performer in the overall market: 89% of all stocks are doing better.
- In the last month EBIT has a been trading in the 40.95 - 47.63 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- EBIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EBIT is lagging the market.
The technical rating of EBIT is bad and it also does not present a 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
40.64
We found 1 important support area.
- A support zone ranging from 41.05 to 41.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @47.58 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 | DOWN | NEGATIVE | The long term trend for EBIT.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBIT.CA is up. |
| ChartMill Relative Strength | 11.02 | NEGATIVE | EBIT.CA has a low relative strength, it was outperformed by 88.98% 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) | DOWN | MIXED | The current price of EBIT.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EBIT.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.65 | NEUTRAL | The RSI value for EBIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests EBIT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.63 | OVERBOUGHT | The high Stochastics value suggests EBIT.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for EBIT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for EBIT.CA suggests a weak or negative trend. |
TSX:EBIT (1/16/2026, 7:00:00 PM)
46.65
+0.2 (+0.43%)
EVOLVE BITCOIN ETF / EBIT.CA FAQ
What is the ChartMill technical rating of EVOLVE BITCOIN ETF (EBIT.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to EBIT.CA.
What is the trend direction for EBIT stock?
The current trend direction for EVOLVE BITCOIN ETF (EBIT.CA) is Bearish.
What is the RSI signal for EVOLVE BITCOIN ETF (EBIT.CA) stock?
EVOLVE BITCOIN ETF (EBIT.CA) has an RSI value of 58.6464. This indicates that the stock is currently neutral.
What is the MACD signal for EVOLVE BITCOIN ETF (EBIT.CA) stock?
The MACD indicator for EVOLVE BITCOIN ETF (EBIT.CA) has a value of 0.574537, indicating a bearish trend.
What is the short term momentum for EBIT stock?
The short term momentum for EVOLVE BITCOIN ETF (EBIT.CA) is positive.