Technical Analysis for WGMI - Valkyrie Bitcoin Miners ETF

Grade Last Price % Change Price Change
D 17.90 -5.84% -1.11
WGMI closed down 5.84 percent on Tuesday, October 1, 2024, on approximately normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
20 DMA Support Bullish 0.00%
200 DMA Support Bullish 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Upper Bollinger Band Walk Strength -5.84%
Wide Bands Range Expansion -5.84%
Overbought Stochastic Strength -5.84%
Gapped Down Weakness -5.84%
Bearish Engulfing Bearish -10.32%

   Recent Intraday Alerts

Alert Time
1.5x Volume Pace about 13 hours ago
Down 5% about 13 hours ago
Down 3% about 13 hours ago
Fell Below 50 DMA about 13 hours ago
Fell Below Previous Day's Low about 13 hours ago

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Profile

Valkyrie Bitcoin Miners ETF is a leading financial services firm with a focus on digital assets. Headquartered in Nashville, Valkyrie's team combines deep technical expertise in this emerging asset class with decades of experience launching investment vehicles for a wide variety of markets participants. The firm is led by financial industry veterans with decades of experience across firms including Guggenheim Partners, UBS, Chicago Board of Trade, Chicago Mercantile Exchange, and The World Bank.
Classification

Keywords: Exchange Traded Funds Bitcoin

Top 10 Components

Symbol Grade Price % Change Allocation
IREN D -8.41 14.24
CLSK F -7.82 8.82
CIFR F -7.49 7.26
WULF D -7.48 6.08
BTBT D -7.41 5.70
MARA F -7.09 4.43
RIOT F -4.58 4.40
NVDA C -3.66 4.16
APLD B -2.06 3.51
DGHI F 1.75 0.82

Is WGMI 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 27.7783
52 Week Low 8.4708
Average Volume 331,200
200-Day Moving Average 17.65
50-Day Moving Average 18.50
20-Day Moving Average 17.60
10-Day Moving Average 18.62
Average True Range 1.08
RSI (14) 47.64
ADX 20.13
+DI 25.86
-DI 28.60
Chandelier Exit (Long, 3 ATRs) 17.26
Chandelier Exit (Short, 3 ATRs) 18.09
Upper Bollinger Bands 20.31
Lower Bollinger Band 14.90
Percent B (%b) 0.55
BandWidth 30.76
MACD Line 0.23
MACD Signal Line 0.00
MACD Histogram 0.2343
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.85
Resistance 3 (R3) 19.96 19.42 19.53
Resistance 2 (R2) 19.42 18.92 19.37 19.42
Resistance 1 (R1) 18.66 18.62 18.39 18.55 19.31
Pivot Point 18.12 18.12 17.99 18.07 18.12
Support 1 (S1) 17.36 17.62 17.09 17.25 16.49
Support 2 (S2) 16.82 17.32 16.77 16.38
Support 3 (S3) 16.06 16.82 16.28
Support 4 (S4) 15.95