Technical Analysis for BITS - Global X Blockchain & Bitcoin Strategy ETF

Grade Last Price % Change Price Change
A 94.67 1.06% 0.99
BITS closed up 1.06 percent on Wednesday, November 20, 2024, on 2.86 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Reached Overbought Strength 1.06%
Wide Bands Range Expansion 1.06%
Overbought Stochastic Strength 1.06%
Calm After Storm Range Contraction 3.74%
Multiple of Ten Bullish Other 3.74%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 21 hours ago
2x Volume Pace about 21 hours ago
1.5x Volume Pace about 21 hours ago
3x Volume Pace about 21 hours ago
Up 3% about 21 hours ago

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Profile

Global X Blockchain & Bitcoin Strategy ETF Description

Global X Funds - Global X Blockchain & Bitcoin Strategy ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in public equity and currency markets of the United States. For its equity portion, it invests directly and through other funds in stocks of companies operating across blockchain companies including digital asset mining, blockchain and digital asset transactions, blockchain applications, blockchain and digital asset hardware, and blockchain and digital asset integration sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its currency portion, it invests through derivatives in Bitcoin. The fund uses derivatives such as futures contracts to invest in Bitcoin through a wholly-owned subsidiary organized in the Cayman Islands. Global X Funds - Global X Blockchain & Bitcoin Strategy ETF is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund Bitcoin Cryptocurrency Payment Systems Blockchain Decentralization Digital Currencies Digital Currency Group Blockchain Applications Digital Asset Mining

Top 10 Components

Symbol Grade Price % Change Allocation
BKCH B 0.32 50.21
CLIP A 0.02 30.18

Is BITS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 96.72
52 Week Low 37.8487
Average Volume 3,961
200-Day Moving Average 67.08
50-Day Moving Average 72.03
20-Day Moving Average 82.15
10-Day Moving Average 90.87
Average True Range 3.84
RSI (14) 69.23
ADX 32.69
+DI 43.54
-DI 15.35
Chandelier Exit (Long, 3 ATRs) 85.20
Chandelier Exit (Short, 3 ATRs) 79.71
Upper Bollinger Bands 101.39
Lower Bollinger Band 62.91
Percent B (%b) 0.83
BandWidth 46.84
MACD Line 6.65
MACD Signal Line 5.73
MACD Histogram 0.9208
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 98.84
Resistance 3 (R3) 99.03 97.83 98.15
Resistance 2 (R2) 97.83 96.77 97.74 97.92
Resistance 1 (R1) 96.25 96.11 95.65 96.06 97.68
Pivot Point 95.05 95.05 94.75 94.96 95.05
Support 1 (S1) 93.47 93.99 92.87 93.28 91.66
Support 2 (S2) 92.27 93.33 92.18 91.43
Support 3 (S3) 90.69 92.27 91.20
Support 4 (S4) 90.50