COINSHARES BITCOIN MINING ET (WGMI) Stock Technical Analysis
USA - NASDAQ:WGMI - US91917A2078 - ETF
We assign a technical rating of 8 out of 10 to WGMI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although WGMI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
50.80
When analyzing the support we notice one important area.
- Support @51.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 58.68 to 59.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.19 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 WGMI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WGMI is neutral. |
| ChartMill Relative Strength | 97.3 | POSITIVE | WGMI has a high relative strength, it outperformed 97.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WGMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WGMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.88 | NEUTRAL | The RSI value for WGMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.99 | NEGATIVE | The MACD value suggests WGMI has a negative trend. |
| Stochastics (14,3) | 56.05 | NEUTRAL | The Stochastics value for WGMI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.56 | HIGH VOLATILITY | The high ATR as a percentage value for WGMI suggests high volalility. |
| Average Directional Index/ADX (14) | 31.56 | POSITIVE | The high ADX value value for WGMI suggests a strong trend. |
55.09
-1.46 (-2.58%)
COINSHARES BITCOIN MINING ET / WGMI FAQ
What is the technical rating for WGMI stock?
ChartMill assigns a technical rating of 8 / 10 to WGMI.
What is the trend direction for WGMI stock?
The current trend direction for COINSHARES BITCOIN MINING ET (WGMI) is Bullish.
What is the RSI signal for COINSHARES BITCOIN MINING ET (WGMI) stock?
COINSHARES BITCOIN MINING ET (WGMI) has an RSI value of 49.8845. This indicates that the stock is currently neutral.
Can you provide the short term momentum for COINSHARES BITCOIN MINING ET?
The short term momentum for COINSHARES BITCOIN MINING ET (WGMI) is neutral.