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

Grade Last Price % Change Price Change
B 66.37 -2.45% -1.67
BITS closed down 2.45 percent on Friday, May 31, 2024, on 52 percent of normal volume. It was able to find support at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Gapped Down Weakness 0.00%
Shooting Star Candlestick Bearish -2.45%
Pocket Pivot Bullish Swing Setup -2.45%
Doji - Bearish? Reversal -2.45%
Gapped Up Strength -2.45%
NR7 Range Contraction -1.08%
Narrow Range Bar Range Contraction -1.08%
Gapped Down Weakness -1.08%
Narrow Range Bar Range Contraction -2.12%

   Recent Intraday Alerts

Alert Time
Down 3% about 9 hours ago
Fell Below 50 DMA about 9 hours ago
Shooting Star Candlestick Entry about 9 hours ago
Fell Below Previous Day's Low about 9 hours ago
Down 2 % about 9 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 Digital Currency Group Blockchain Applications Digital Asset Mining

Top 10 Components

Symbol Grade Price % Change Allocation
BKCH B -2.34 49.13
CLIP B 0.04 33.08

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 28.2251
Average Volume 4,955
200-Day Moving Average 49.26
50-Day Moving Average 65.36
20-Day Moving Average 64.95
10-Day Moving Average 67.68
Average True Range 2.35
RSI (14) 52.15
ADX 13.18
+DI 38.34
-DI 34.50
Chandelier Exit (Long, 3 ATRs) 63.81
Chandelier Exit (Short, 3 ATRs) 63.16
Upper Bollinger Bands 71.19
Lower Bollinger Band 58.70
Percent B (%b) 0.61
BandWidth 19.24
MACD Line 1.13
MACD Signal Line 0.83
MACD Histogram 0.2978
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 68.28
Resistance 3 (R3) 68.06 67.22 67.96
Resistance 2 (R2) 67.22 66.73 67.32 67.85
Resistance 1 (R1) 66.79 66.43 67.01 67.01 67.75
Pivot Point 65.95 65.95 66.05 66.05 65.95
Support 1 (S1) 65.52 65.46 65.74 65.74 64.99
Support 2 (S2) 64.68 65.16 64.78 64.89
Support 3 (S3) 64.25 64.68 64.78
Support 4 (S4) 64.47