Overall IBIT gets a technical rating of 0 out of 10. IBIT's overall performance in the market is below average. Also 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 and the volatility has been reduced. There is a support zone below the current price at 49.50, a Stop Loss order could be placed below this zone.
More info and screens
47.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 49.17 to 49.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.56 to 48.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @52.86 from a horizontal line in the daily time frame.
- Resistance @69.84 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 | DOWN | NEGATIVE | The long term trend for IBIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBIT is down. |
| ChartMill Relative Strength | 19.47 | NEGATIVE | IBIT has a low relative strength, it was outperformed by 80.53% 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 | MIXED | The current price of IBIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.07 | NEUTRAL | The RSI value for IBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests IBIT has a positive trend. |
| Stochastics (14,3) | 29.12 | NEUTRAL | The Stochastics value for IBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for IBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.81 | NEUTRAL | The ADX value for IBIT suggests a possible start of a new trend. |
49.61
+0.15 (+0.3%)
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 0 / 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 43.0745. 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 0.243727, 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.