Technical Analysis for BITX - Volatility Shares Trust 2x Bitcoin Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 58.28 | 3.92% | 2.20 |
BITX closed up 3.92 percent on Wednesday, November 20, 2024, on 1.31 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. The bulls were able to push the stock to a new 52-week high. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | 3.92% |
| Alert | Time |
|---|---|
| Possible NR7 | about 18 hours ago |
| 60 Minute Opening Range Breakdown | about 20 hours ago |
| Gapped Up (Full) | about 22 hours ago |
| Rose Above Previous Day's High | about 22 hours ago |
| New 52 Week High | about 22 hours ago |
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The fund generally will invest in Bitcoin Futures Contracts through its Subsidiary and in Collateral Investments. The index measures the performance of the return from a rolling long position in the two nearest maturing Bitcoin futures contracts trading on the Chicago Mercantile Exchange ("CME"). The fund is non-diversified.
Keywords: Bitcoin Futures Markets Futures Exchanges Chicago Mercantile Exchange
Classification
Keywords: Bitcoin Futures Markets Futures Exchanges Chicago Mercantile Exchange
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 59.18 |
| 52 Week Low | 16.3833 |
| Average Volume | 9,493,888 |
| 200-Day Moving Average | 34.71 |
| 50-Day Moving Average | 33.65 |
| 20-Day Moving Average | 42.07 |
| 10-Day Moving Average | 50.86 |
| Average True Range | 3.58 |
| RSI (14) | 79.08 |
| ADX | 35.84 |
| +DI | 44.36 |
| -DI | 10.77 |
| Chandelier Exit (Long, 3 ATRs) | 48.44 |
| Chandelier Exit (Short, 3 ATRs) | 39.63 |
| Upper Bollinger Bands | 62.07 |
| Lower Bollinger Band | 22.08 |
| Percent B (%b) | 0.91 |
| BandWidth | 95.04 |
| MACD Line | 7.02 |
| MACD Signal Line | 5.35 |
| MACD Histogram | 1.6648 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 61.72 | ||||
| Resistance 3 (R3) | 61.64 | 60.41 | 61.15 | ||
| Resistance 2 (R2) | 60.41 | 59.53 | 60.45 | 60.96 | |
| Resistance 1 (R1) | 59.35 | 58.99 | 58.73 | 59.43 | 60.77 |
| Pivot Point | 58.12 | 58.12 | 57.81 | 58.16 | 58.12 |
| Support 1 (S1) | 57.05 | 57.24 | 56.44 | 57.13 | 55.79 |
| Support 2 (S2) | 55.82 | 56.70 | 55.86 | 55.60 | |
| Support 3 (S3) | 54.76 | 55.82 | 55.41 | ||
| Support 4 (S4) | 54.84 |
