VANECK BITCOIN ETF (HODL) Stock Technical Analysis
USA - NYSEARCA:HODL - US92189K1051 - ETF
31.35 USD
+1.23 (+4.08%)
31.34 USD
-0.01 (-0.03%)
Overall HODL gets a technical rating of 3 out of 10. Although HODL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month HODL has a been trading in the 29.58 - 35.76 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that HODL is one of the better performing stocks in the market, outperforming 86% of all stocks.
HODL 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 HODL is lagging the market slightly.
HODL has an average volume of 1436920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Volume is considerably higher in the last couple of days.
HODL has a poor technical rating and the quality of the setup is also 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
29.53
35.86
When analyzing the support we notice one important area.
- A support zone ranging from 29.83 to 30.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 32.46 to 32.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 34.77 to 34.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.50 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 | NEUTRAL | NEUTRAL | The long term trend for HODL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HODL is down. |
| ChartMill Relative Strength | 86.77 | POSITIVE | HODL has a high relative strength, it outperformed 86.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HODL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HODL is below a declining 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) | 44.01 | NEUTRAL | The RSI value for HODL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests HODL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.71 | OVERSOLD | The low Stochastics value suggests HODL may be oversold. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for HODL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for HODL suggests a weak or negative 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)
31.35
+1.23 (+4.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.08%
1 Week-4.33%
2 Weeks-11.67%
1 Month-1.17%
3 Month-5.17%
6 Month16.15%
12 Month65.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%3.38%
ATR Inc13.6%
Range Today0.54
ADR(20)0.8
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.77
Mansfield-0.15
10 Day High35.36
10 Day Low29.58
20 Day High35.76
20 Day Low29.58
52 Week High35.76
52 Week Low18.97
CS1 End30.12
CR1 Start32.46
Volume & EV
DER(3)-2.63%
DER(5)-4.42%
Volume2.15M
Volume Incr68.48%
Vol(5)3.07M
Vol(50)1.44M