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BITQ
ETF ticker:
NYSE ARCA
AS OF
Aug 5 closing price
Price
$8.90
Change
+$0.18 (+2.06%)
Net Assets
80.67M

BITQ Price Prediction, Bitwise Crypto Industry Innovators ETF AI Recommendations

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A.I.Advisor
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12:00 AM EDT Aug 05, 2022

Momentum Indicator for BITQ turns positive, indicating new upward trend

BITQ saw its Momentum Indicator move above the 0 level on July 13, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 20 similar instances where the indicator turned positive. In 20 of the 20 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

BITQ moved above its 50-day moving average on July 27, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BITQ crossed bullishly above the 50-day moving average on July 27, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BITQ advanced for three days, in of 63 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 26 cases where BITQ 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 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 BITQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BITQ broke above its upper Bollinger Band on July 19, 2022. 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)

Fear & Greed
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A.I.Advisor
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published Highlights

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), NVIDIA Corp (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), PayPal Holdings (NASDAQ:PYPL), CME Group (NASDAQ:CME), Block (NYSE:SQ).

Industry description

The investment seeks to provide investment results that, correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. The index was designed by Bitwise Index Services, LLC to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Normally, the fund invests at least 80% of its net assets in securities of Crypto Innovators. It is non-diversified.

Market Cap

The average market capitalization across the Bitwise Crypto Industry Innovators ETF ETF is 53.67B. The market cap for tickers in the group ranges from 127.76M to 902.97B. TSLA holds the highest valuation in this group at 902.97B. The lowest valued company is BTBT at 127.76M.

High and low price notable news

The average weekly price growth across all stocks in the Bitwise Crypto Industry Innovators ETF ETF was 13%. For the same ETF, the average monthly price growth was 50%, and the average quarterly price growth was -45%. COIN experienced the highest price growth at 48%, while TSLA experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the Bitwise Crypto Industry Innovators ETF ETF was 12%. For the same stocks of the ETF, the average monthly volume growth was 38% and the average quarterly volume growth was -12%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 72
P/E Growth Rating: 61
Price Growth Rating: 51
SMR Rating: 65
Profit Risk Rating: 82
Seasonality Score: 4 (-100 ... +100)
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BITQ
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General Information

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Digital Assets
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Phone
+1 405 7788377
Web
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BITQ and

Correlation & Price change

A.I.dvisor indicates that over the last year, BITQ has been closely correlated with DAPP. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if BITQ jumps, then DAPP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BITQ
1D Price
Change %
BITQ100%
+1.60%
DAPP - BITQ
98%
Closely correlated
+2.15%
BKCH - BITQ
98%
Closely correlated
+1.56%
BLOK - BITQ
94%
Closely correlated
+0.78%
BLCN - BITQ
90%
Closely correlated
N/A
CRPT - BITQ
85%
Closely correlated
+2.16%
More