ISHARES BITCOIN TRUST ETF (IBIT) Stock Technical Analysis
NASDAQ:IBIT - Nasdaq - US46438F1012 - ETF - Currency: USD
Taking everything into account, IBIT scores 10 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!
When comparing the yearly performance of all stocks, we notice that IBIT is one of the better performing stocks in the market, outperforming 91% of all stocks.
IBIT 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.
IBIT 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.
IBIT has an average volume of 47351700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, IBIT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
57.03
68.86
We found 4 important support areas.
- A support zone ranging from 64.40 to 64.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @63.30 from a trend line in the weekly time frame.
- A support zone ranging from 61.36 to 62.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.61 to 58.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 67.67 to 68.18. 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 IBIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBIT is up. |
| ChartMill Relative Strength | 91.74 | POSITIVE | IBIT has a high relative strength, it outperformed 91.74% 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) | 63.15 | NEUTRAL | The RSI value for IBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests IBIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.81 | NEUTRAL | The Stochastics value for IBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for IBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for IBIT 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)
67.66
+0.37 (+0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.55%
1 Week0.01%
2 Weeks4.9%
1 Month10.42%
3 Month24.67%
6 Month13.33%
12 Month74.43%
2 Year115.51%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.71
ATR(20)%2.3%
ATR Inc-39.93%
Range Today1.02
ADR(20)1.22
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.74
Mansfield2.37
10 Day High69.46
10 Day Low65.77
20 Day High69.46
20 Day Low59.83
52 Week High69.46
52 Week Low28.23
CS1 End64.58
CR1 Start67.67
Volume & EV
DER(3)0.66%
DER(5)-0.65%
Volume33.25M
Volume Incr-14.92%
Vol(5)42.32M
Vol(50)47.35M