VANECK BITCOIN ETF (HODL) Stock Technical Analysis
NYSEARCA:HODL - NYSE Arca - US92189K1051 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to HODL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HODL is showing a nice and steady performance.
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 HODL is one of the better performing stocks in the market, outperforming 92% of all stocks.
HODL 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.
HODL 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, HODL also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 32.15, a Stop Loss order could be placed below this zone.
More info and screens
28.43
34.28
3 important support areas can be observed.
- A support zone ranging from 31.57 to 32.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.56 to 30.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.72 to 29.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.78 to 33.94. 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 HODL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HODL is up. |
| ChartMill Relative Strength | 92.2 | POSITIVE | HODL has a high relative strength, it outperformed 92.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HODL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HODL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HODL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.86 | NEUTRAL | The RSI value for HODL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests HODL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.78 | NEUTRAL | The Stochastics value for HODL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for HODL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.19 | NEUTRAL | The ADX value for HODL 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)
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 |
|---|---|---|---|
| 33.95 | 30.68 | 3.27 (9.63%) | 10.38% |
| An entry @33.95. This is a Buy Stop order right above the resistance zone. | An exit @30.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.27 points, which is 9.63%. | When investing 10.38% 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.
33.77
+0.72 (+2.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.18%
1 Week2.46%
2 Weeks9.71%
1 Month15.61%
3 Month25.12%
6 Month13.77%
12 Month75.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%2.3%
ATR Inc5.84%
Range Today0.77
ADR(20)0.58
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.2
Mansfield2.52
10 Day High34.55
10 Day Low30.69
20 Day High34.55
20 Day Low29.66
52 Week High34.55
52 Week Low14.01
CS1 End32.15
CR1 Start33.78
Volume & EV
DER(3)1.1%
DER(5)-0.15%
Volume958.60K
Volume Incr22.17%
Vol(5)1.12M
Vol(50)825.39K