BITWISE ETHEREUM ETF (ETHW) Stock Technical Analysis
NYSEARCA:ETHW - NYSE Arca - US0919551046 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to ETHW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETHW is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
ETHW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETHW is lagging the market slightly.
In the last month ETHW has a been trading in the 17.14 - 27.68 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ETHW did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
ETHW has an excellent technical rating, but the quality of the setup is only medium 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
19.25
26.40
We found 1 important support area.
- Support @19.44 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @26.14 from a horizontal line in the weekly 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 ETHW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHW is up. |
| ChartMill Relative Strength | 92.83 | POSITIVE | ETHW has a high relative strength, it outperformed 92.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETHW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETHW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.11 | OVERBOUGHT | The high RSI value suggests ETHW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests ETHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.04 | OVERBOUGHT | The high Stochastics value suggests ETHW may be overbought. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ETHW suggests some volalility. |
| Average Directional Index/ADX (14) | 36.9 | POSITIVE | The high ADX value value for ETHW suggests a strong 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)
26.13
-0.74 (-2.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.75%
1 Week2.47%
2 Weeks20.97%
1 Month49.49%
3 Month101.62%
6 Month9.28%
12 Month11.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%4.03%
ATR Inc6.75%
Range Today0.84
ADR(20)0.78
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.83
Mansfield2.4
10 Day High27.68
10 Day Low21.29
20 Day High27.68
20 Day Low17.14
52 Week High29.52
52 Week Low10.42
CS1 End19.44
CR1 Start26.14
Volume & EV
DER(3)-1.61%
DER(5)-2.61%
Volume1.71M
Volume Incr68.27%
Vol(5)1.08M
Vol(50)571.80K