ISHARES BITCOIN TRUST ETF (IBIT) Stock Technical Analysis
USA - NASDAQ:IBIT - US46438F1012 - ETF
We assign a technical rating of 3 out of 10 to IBIT. Although IBIT 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.
IBIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 60.46, a Stop Loss order could be placed below this zone.
More info and screens
44.19
We found 2 important support areas.
- A support zone ranging from 59.84 to 60.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.64 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 62.82 to 64.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 69.81 to 69.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @71.29 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 IBIT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBIT is down. |
| ChartMill Relative Strength | 84.22 | POSITIVE | IBIT has a high relative strength, it outperformed 84.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBIT is below a declining 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) | 45.69 | NEUTRAL | The RSI value for IBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests IBIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.5 | NEUTRAL | The Stochastics value for IBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for IBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.29 | NEGATIVE | The low ADX value for IBIT suggests a weak or negative trend. |
62.3
+1.9 (+3.15%)
ISHARES BITCOIN TRUST ETF / IBIT FAQ
What is the ChartMill technical rating of ISHARES BITCOIN TRUST ETF (IBIT) stock?
ChartMill assigns a technical rating of 3 / 10 to IBIT.
What is the trend direction for IBIT stock?
The current trend direction for ISHARES BITCOIN TRUST ETF (IBIT) is Bearish.
Can you provide the RSI signal for ISHARES BITCOIN TRUST ETF?
ISHARES BITCOIN TRUST ETF (IBIT) has an RSI value of 45.6884. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES BITCOIN TRUST ETF (IBIT) stock?
The MACD indicator for ISHARES BITCOIN TRUST ETF (IBIT) has a value of -0.199333, indicating a bearish trend.
What is the short term momentum for ISHARES BITCOIN TRUST ETF (IBIT) stock?
The short term momentum for ISHARES BITCOIN TRUST ETF (IBIT) is negative.