ISHARES BITCOIN TRUST ETF (IBIT) Stock Technical Analysis
NASDAQ:IBIT - US46438F1012 - ETF
61.44 USD
-2.14 (-3.37%)
61.49 USD
+0.05 (+0.08%)
Taking everything into account, IBIT scores 6 out of 10 in our technical rating. In the last year, IBIT was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month IBIT has a been trading in the 61.31 - 69.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that IBIT is one of the better performing stocks in the market, outperforming 90% of all stocks.
IBIT 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 IBIT is lagging the market slightly.
IBIT has an average volume of 45953500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
IBIT has an average technical rating and it also does not offer a high quality setup 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
42.08
70.54
2 important support areas can be observed.
- A support zone ranging from 60.57 to 61.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.51 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 63.07 to 65.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @67.21 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for IBIT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBIT is down. |
| ChartMill Relative Strength | 90.64 | POSITIVE | IBIT has a high relative strength, it outperformed 90.64% 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) | UP | MIXED | The current price of IBIT is below 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) | 39.26 | NEUTRAL | The RSI value for IBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests IBIT has a negative trend. |
| Stochastics (14,3) | 13.4 | OVERSOLD | The low Stochastics value suggests IBIT may be oversold. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for IBIT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.83 | NEGATIVE | The low ADX value for IBIT 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)
61.44
-2.14 (-3.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.37%
1 Week-7.26%
2 Weeks-7.53%
1 Month-4.33%
3 Month3.33%
6 Month28.27%
12 Month84.12%
2 Year147.33%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%2.77%
ATR Inc-14.94%
Range Today1.52
ADR(20)1.32
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.64
Mansfield0.6
10 Day High66.76
10 Day Low61.31
20 Day High69.89
20 Day Low61.31
52 Week High69.89
52 Week Low30.24
CS1 End61.43
CR1 Start63.07
Volume & EV
DER(3)-3.14%
DER(5)-3.14%
Volume52.65M
Volume Incr-0.46%
Vol(5)42.94M
Vol(50)45.95M