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

Grade Last Price % Change Price Change
D 61.77 2.35% 1.42
BITS closed up 2.35 percent on Friday, May 3, 2024, on 9 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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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
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Slingshot Bearish Bearish Swing Setup 2.35%
Morning Star Bullish 2.35%
Narrow Range Bar Range Contraction 2.35%
Stochastic Reached Oversold Weakness 2.35%
Multiple of Ten Bullish Other 2.35%
Gapped Up Strength 2.35%
Oversold Stochastic Weakness 2.35%
Expansion Breakdown Bearish Swing Setup 8.37%

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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 D 0.66 50.93
CLIP A 0.04 27.71

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 75.06
52 Week Low 27.5752
Average Volume 10,864
200-Day Moving Average 46.66
50-Day Moving Average 66.23
20-Day Moving Average 63.18
10-Day Moving Average 62.97
Average True Range 2.81
RSI (14) 46.52
ADX 13.48
+DI 29.61
-DI 39.35
Chandelier Exit (Long, 3 ATRs) 62.26
Chandelier Exit (Short, 3 ATRs) 64.54
Upper Bollinger Bands 69.91
Lower Bollinger Band 56.46
Percent B (%b) 0.39
BandWidth 21.29
MACD Line -1.42
MACD Signal Line -1.04
MACD Histogram -0.3805
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 62.86
Resistance 3 (R3) 62.74 62.25 62.68
Resistance 2 (R2) 62.25 61.98 62.31 62.62
Resistance 1 (R1) 62.01 61.81 62.13 62.13 62.56
Pivot Point 61.53 61.53 61.59 61.59 61.53
Support 1 (S1) 61.29 61.25 61.41 61.41 60.98
Support 2 (S2) 60.80 61.08 60.86 60.92
Support 3 (S3) 60.56 60.80 60.86
Support 4 (S4) 60.68