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

Grade Last Price % Change Price Change
B 74.48 3.09% 2.23
BITS closed down 0.56 percent on Wednesday, March 27, 2024, on 45 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 3.09%
Upper Bollinger Band Walk Strength 3.09%
Gapped Up Strength 3.09%
Overbought Stochastic Strength 3.09%
Upper Bollinger Band Touch Strength 3.09%
Upper Bollinger Band Touch Strength 2.50%
Crossed Above 20 DMA Bullish 0.30%
New 52 Week Closing High Bullish 0.30%
180 Bullish Setup Bullish Swing Setup 0.30%
Above Upper BB Strength 0.30%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
Rose Above Upper Bollinger Band about 1 hour ago
Gap Up Partially Closed about 2 hours ago
Up 3% about 2 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 Blockchain Applications Digital Asset Mining Digital Currency Group

Top 10 Components

Symbol Grade Price % Change Allocation
BKCH C 2.47 44.24
CLIP B -0.04 29.10

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 12,922
200-Day Moving Average 42.94
50-Day Moving Average 59.10
20-Day Moving Average 68.92
10-Day Moving Average 69.17
Average True Range 3.87
RSI (14) 59.02
ADX 21.72
+DI 36.17
-DI 24.64
Chandelier Exit (Long, 3 ATRs) 63.44
Chandelier Exit (Short, 3 ATRs) 72.68
Upper Bollinger Bands 74.37
Lower Bollinger Band 63.47
Percent B (%b) 0.81
BandWidth 15.81
MACD Line 3.07
MACD Signal Line 3.20
MACD Histogram -0.1363
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 76.24
Resistance 3 (R3) 76.64 75.71 75.58
Resistance 2 (R2) 75.71 74.69 75.51 75.35
Resistance 1 (R1) 73.98 74.07 73.52 73.58 75.13
Pivot Point 73.05 73.05 72.82 72.85 73.05
Support 1 (S1) 71.32 72.03 70.85 70.92 69.37
Support 2 (S2) 70.39 71.40 70.19 69.15
Support 3 (S3) 68.66 70.39 68.92
Support 4 (S4) 68.26