Technical Analysis for DECO - SPDR Galaxy Digital Asset Ecosystem ETF

Grade Last Price % Change Price Change
A 33.77 0.19% 0.06
DECO closed up 0.19 percent on Tuesday, October 29, 2024, on 4.29 times normal volume. The bulls were able to push the stock to a new 52-week high. 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
Very Strong N/A N/A Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish 0.19%
180 Bullish Setup Bullish Swing Setup 0.19%
Narrow Range Bar Range Contraction 0.19%

   Recent Intraday Alerts

Alert Time
Bullish 180 Entry about 11 hours ago
Rose Above Previous Day's High about 11 hours ago
New 52 Week High about 11 hours ago
2x Volume Pace about 11 hours ago
1.5x Volume Pace about 11 hours ago

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Profile

SPDR Galaxy Digital Asset Ecosystem ETF Description

DECO provides exposure to the growing digital asset ecosystem. The fund invests in companies expected to thrive as blockchain technology becomes more widely adopted, focusing on blockchain-related activities, such as Bitcoin miners and crypto service providers. Simultaneously, it gains exposure to cryptocurrency price movements through ETFs and futures contracts, focusing on bitcoin and ether. Portfolio selection is based on a fundamental, bottom-up analysis, using macroeconomic trends like interest rates and inflation, as well as blockchain data like transaction volumes and mining activity. While crypto positions rely on market conditions, it adjust heavily to direct crypto-related assets when favorable and reduce risk during downturns. Additionally, exposure to cryptocurrencies is limited to 25% and is acquired indirectly through a Cayman Islands subsidiary. The fund may hold cash equivalents or money market instruments for liquidity and collateral purposes.


Classification

Keywords: Exchange Traded Fund Mining Bitcoin Cryptocurrency Financial Technology Blockchain Decentralization Ethereum Blockchain Technology Draft:Bitrue Inc

Is DECO 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 33.9721
52 Week Low 24.87
Average Volume 1,020
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 30.38
10-Day Moving Average 32.32
Average True Range 0.61
RSI (14) 81.79
ADX 51.15
+DI 66.59
-DI 15.04
Chandelier Exit (Long, 3 ATRs) 32.16
Chandelier Exit (Short, 3 ATRs) 29.24
Upper Bollinger Bands 34.58
Lower Bollinger Band 26.18
Percent B (%b) 0.9
BandWidth 27.63
MACD Line 1.63
MACD Signal Line 1.36
MACD Histogram 0.2645
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.07
Resistance 3 (R3) 34.10 34.04 34.02
Resistance 2 (R2) 34.04 33.96 34.02 34.01
Resistance 1 (R1) 33.91 33.92 33.87 33.87 33.99
Pivot Point 33.84 33.84 33.82 33.82 33.84
Support 1 (S1) 33.71 33.76 33.68 33.68 33.56
Support 2 (S2) 33.64 33.72 33.63 33.54
Support 3 (S3) 33.51 33.64 33.53
Support 4 (S4) 33.48