ISHARES BITCOIN TRUST ETF (IBIT) Stock Technical Analysis
NASDAQ:IBIT - Nasdaq - US46438F1012 - ETF - Currency: USD
Taking everything into account, IBIT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, IBIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
IBIT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IBIT is leading the market.
In the last month IBIT has a been trading in the 52.76 - 63.70 range, which is quite wide. It is currently trading near the high of this range.
IBIT has an average volume of 43633500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IBIT is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Volume is considerably higher in the last couple of days.
Although IBIT has an excellent technical rating, the quality of the presented setup is not ideal 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
39.04
61.40
4 important support areas can be observed.
- A support zone ranging from 60.77 to 60.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.66 from a trend line in the daily time frame.
- Support @44.91 from a horizontal line in the daily time frame.
- Support @39.43 from a trend 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 IBIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBIT is up. |
| ChartMill Relative Strength | 94.39 | POSITIVE | IBIT has a high relative strength, it outperformed 94.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.21 | NEUTRAL | The RSI value for IBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests IBIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.71 | NEUTRAL | The Stochastics value for IBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for IBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.29 | POSITIVE | The high ADX value value for IBIT 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)
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 |
|---|---|---|---|
| 63.71 | 60.76 | 2.95 (4.63%) | 21.60% |
| An entry @63.71. This is a Buy Stop order right above the 10 day high. | An exit @60.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.95 points, which is 4.63%. | For a 1.00% total portfolio risk, you can invest 21.60% of your capital in this trade. |
- 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.
60.79
-1.71 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.74%
1 Week-0.2%
2 Weeks1.96%
1 Month12.12%
3 Month26.91%
6 Month10.11%
12 Month57.69%
2 Year136.46%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%2.78%
ATR Inc-15.97%
Range Today1.27
ADR(20)1.27
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.39
Mansfield2.81
10 Day High63.7
10 Day Low57.62
20 Day High63.7
20 Day Low52.76
52 Week High63.7
52 Week Low28.23
CS1 End60.78
CR1 StartN/A
Volume & EV
DER(3)-2.82%
DER(5)-1.59%
Volume43.51M
Volume Incr61.23%
Vol(5)63.96M
Vol(50)43.63M