Technical Analysis for BTRN - Global X Bitcoin Trend Strategy ETF

Grade Last Price % Change Price Change
A 34.77 1.80% 0.62
BTRN closed up 1.8 percent on Wednesday, November 20, 2024, on 3.13 times normal volume. 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 N/A Up Up

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Gilligan's Island Sell Setup Bearish Swing Setup 1.80%
Pocket Pivot Bullish Swing Setup 1.80%
Volume Surge Other 1.80%

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Profile

Global X Bitcoin Trend Strategy ETF Description

BTRN tracks an index that seeks to provide long-only exposure to US exchange-traded bitcoin futures contracts or a short-term US Treasury position. The index dynamically allocates between these two positions based on the value of a proprietary bitcoin trend indicator. The indicator aims to detect the presence, direction, and strength of the price trend of bitcoin. A combination of four exponential moving average calculations are considered in order to compute a single value of the average price of bitcoin over explicit periods. Based on this value, the index increases its allocation to bitcoin futures (up to 100%) when the value indicated is higher, and decreases (until 0%) when the value is lower. Any funds assets not allocated to the bitcoin futures position are subsequently allocated to the US Treasurys position, up to 100%. The fund seeks to gain exposure to BTC futures through investments in a Cayman Islands subsidiary.


Classification

Sector: Other
Industry: Other
Keywords: Bitcoin

Top 10 Components

Symbol Grade Price % Change Allocation
CLIP A 0.02 62.74

Is BTRN 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 34.8399
52 Week Low 20.72
Average Volume 297
200-Day Moving Average 0.00
50-Day Moving Average 26.22
20-Day Moving Average 29.31
10-Day Moving Average 32.45
Average True Range 0.78
RSI (14) 79.92
ADX 40.76
+DI 75.20
-DI 17.66
Chandelier Exit (Long, 3 ATRs) 32.43
Chandelier Exit (Short, 3 ATRs) 27.14
Upper Bollinger Bands 36.40
Lower Bollinger Band 22.22
Percent B (%b) 0.89
BandWidth 48.36
MACD Line 2.48
MACD Signal Line 1.93
MACD Histogram 0.5533
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.83
Resistance 3 (R3) 34.82 34.80 34.82
Resistance 2 (R2) 34.80 34.78 34.80 34.82
Resistance 1 (R1) 34.78 34.77 34.79 34.79 34.81
Pivot Point 34.76 34.76 34.76 34.76 34.76
Support 1 (S1) 34.74 34.74 34.75 34.75 34.73
Support 2 (S2) 34.72 34.73 34.72 34.72
Support 3 (S3) 34.70 34.72 34.72
Support 4 (S4) 34.71