Technical Analysis for BITX - Volatility Shares Trust 2x Bitcoin Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 38.60 | 10.60% | 3.70 |
BITX closed up 10.6 percent on Friday, July 26, 2024, on 84 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. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Wide Bands | Range Expansion | 10.60% | |
| Overbought Stochastic | Strength | 10.60% | |
| Gapped Down | Weakness | 10.60% | |
| 50 DMA Resistance | Bearish | 6.87% |
| Alert | Time |
|---|---|
| Possible NR7 | about 10 hours ago |
| 60 Minute Opening Range Breakdown | about 14 hours ago |
| 2x Volume Pace | about 15 hours ago |
| 1.5x Volume Pace | about 15 hours ago |
| Up 10% | about 15 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 | 55.884 |
| 52 Week Low | 8.5875 |
| Average Volume | 5,752,958 |
| 200-Day Moving Average | 30.65 |
| 50-Day Moving Average | 37.31 |
| 20-Day Moving Average | 32.98 |
| 10-Day Moving Average | 36.20 |
| Average True Range | 2.76 |
| RSI (14) | 57.08 |
| ADX | 18.46 |
| +DI | 31.10 |
| -DI | 25.30 |
| Chandelier Exit (Long, 3 ATRs) | 30.87 |
| Chandelier Exit (Short, 3 ATRs) | 34.12 |
| Upper Bollinger Bands | 40.67 |
| Lower Bollinger Band | 25.29 |
| Percent B (%b) | 0.87 |
| BandWidth | 46.62 |
| MACD Line | 0.37 |
| MACD Signal Line | -0.54 |
| MACD Histogram | 0.9122 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 40.84 | ||||
| Resistance 3 (R3) | 40.65 | 39.71 | 40.47 | ||
| Resistance 2 (R2) | 39.71 | 39.14 | 39.80 | 40.34 | |
| Resistance 1 (R1) | 39.15 | 38.78 | 39.43 | 39.35 | 40.22 |
| Pivot Point | 38.21 | 38.21 | 38.35 | 38.31 | 38.21 |
| Support 1 (S1) | 37.66 | 37.64 | 37.94 | 37.85 | 36.98 |
| Support 2 (S2) | 36.72 | 37.29 | 36.82 | 36.86 | |
| Support 3 (S3) | 36.17 | 36.72 | 36.73 | ||
| Support 4 (S4) | 36.36 |
