EVOLVE BITCOIN ETF (EBIT.CA) Stock Technical Analysis
TSX:EBIT - Toronto Stock Exchange - CA09175J1084 - ETF - Currency: CAD
Overall EBIT gets a technical rating of 8 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.
In the last month EBIT has a been trading in the 49.33 - 55.13 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EBIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EBIT is performing more or less in line with the market.
When comparing the yearly performance of all stocks, we notice that EBIT is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although EBIT has an excellent technical rating, it does not present a decent entry opportunity 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
35.50
55.23
We found 5 important support areas.
- Support @49.33 from a horizontal line in the daily time frame.
- Support @45.36 from a trend line in the weekly time frame.
- Support @42.44 from a trend line in the daily time frame.
- Support @40.99 from a trend line in the daily time frame.
- Support @35.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.01 to 54.68. 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 | NEUTRAL | NEUTRAL | The short term trend for EBIT.CA is neutral. |
| ChartMill Relative Strength | 85.04 | POSITIVE | EBIT.CA has a high relative strength, it outperformed 85.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EBIT.CA is below 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) | 51.6 | NEUTRAL | The RSI value for EBIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests EBIT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.84 | OVERSOLD | The low Stochastics value suggests EBIT.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for EBIT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.54 | 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)
TSX:EBIT (6/6/2025, 7:00:00 PM)
50.64
+1.3 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.63%
1 Week-0.63%
2 Weeks-4.29%
1 Month1.24%
3 Month13.77%
6 Month-1.59%
12 Month47.47%
2 Year242.16%
3 Year457.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%2.63%
ATR Inc43.32%
Range Today0.65
ADR(20)1.01
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.04
Mansfield1.85
10 Day High54.04
10 Day Low49.33
20 Day High55.13
20 Day Low49.33
52 Week High55.32
52 Week Low25.93
CS1 End49.33
CR1 Start54.01
Volume & EV
DER(3)-2.15%
DER(5)1.59%
Volume38.51K
Volume Incr8.3%
Vol(5)34.15K
Vol(50)39.52K