COINSHARES BITCOIN MINING ET (WGMI) Stock Technical Analysis
USA - NASDAQ:WGMI - US91917A2078 - ETF
40.61 USD
-1.55 (-3.68%)
40.81 USD
+0.2 (+0.49%)
We assign a technical rating of 10 out of 10 to WGMI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGMI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WGMI did better than 95% of all other stocks.
WGMI 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 WGMI is lagging the market slightly.
In the last month WGMI has a been trading in the 28.35 - 46.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although WGMI has an excellent technical rating, it does not present a decent entry opportunity 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
30.40
41.02
We found 2 important support areas.
- Support @33.17 from a trend line in the daily time frame.
- A support zone ranging from 30.71 to 30.84. This zone is formed by a combination of multiple trend lines and important moving averages 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 WGMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGMI is up. |
| ChartMill Relative Strength | 95.9 | POSITIVE | WGMI has a high relative strength, it outperformed 95.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGMI is above the rising 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) | 63.41 | NEUTRAL | The RSI value for WGMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests WGMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.08 | NEUTRAL | The Stochastics value for WGMI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for WGMI suggests high volalility. |
| Average Directional Index/ADX (14) | 51.5 | POSITIVE | The high ADX value value for WGMI suggests a strong 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)
40.61
-1.55 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.68%
1 Week-2.29%
2 Weeks8.82%
1 Month36.87%
3 Month87.06%
6 Month209.29%
12 Month103.46%
2 Year336.2%
3 Year373.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.66
ATR(20)%5.92%
ATR Inc45.6%
Range Today2.31
ADR(20)2.2
ADR(20)%5.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.9
Mansfield6.24
10 Day High46.42
10 Day Low37.29
20 Day High46.42
20 Day Low28.35
52 Week High46.42
52 Week Low11.09
CS1 End33.17
CR1 StartN/A
Volume & EV
DER(3)-2.22%
DER(5)-1.94%
Volume685.00K
Volume Incr59.71%
Vol(5)803.34K
Vol(50)507.23K