Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS)
Sidelines Mode (+55) - BITS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BITS?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BITS
The long-term trend has been UP since Dec 20th, 2022 at 8.32
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 62.89
The short-term trend has been UP since May 3rd, 2024 at 61.65
Smart Scan Analysis for BITS
Based on our trend formula, BITS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 62.130 | 61.750 | 61.045 | 61.750 | +1.400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.770 | 713 | 2024-05-03 14:33:26 |
| 52wk High | 75.06 | 52wk High Date | 2024-03-11 |
| 52wk Low | 30.9701 | 52wk Low Date | 2023-05-12 |
| Average Volume | 5,320 | Shares Outstanding | 387 |