BIT in +1.08% Uptrend, growing for three consecutive days on November 27, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BIT advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on BIT as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BIT just turned positive on October 31, 2023. Looking at past instances where BIT's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
BIT moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BIT crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 248 cases where BIT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BIT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BIT broke above its upper Bollinger Band on November 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
BIT and
Correlation & Price change
A.I.dvisor indicates that over the last year, BIT has been loosely correlated with BTZ. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if BIT jumps, then BTZ could also see price increases.