BITQ Bitwise Crypto Industry Innovators ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for BITQ turns positive, indicating new upward trend
BITQ saw its Momentum Indicator move above the 0 level on November 20, 2023. 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 43 similar instances where the indicator turned positive. In of the 43 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
BITQ moved above its 50-day moving average on October 31, 2023 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 November 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 50-day moving average for BITQ moved above the 200-day moving average on December 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BITQ advanced for three days, in of 138 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 83 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 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
BITQ broke above its upper Bollinger Band on December 01, 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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
BITQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, BITQ has been closely correlated with BKCH. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if BITQ jumps, then BKCH could also see price increases.
| Ticker / NAME | Correlation To BITQ | 1D Price Change % | ||
|---|---|---|---|---|
| BITQ | 100% | +6.47% | ||
| BKCH - BITQ | 94% Closely correlated | +8.10% | ||
| DAPP - BITQ | 94% Closely correlated | +7.46% | ||
| FDIG - BITQ | 93% Closely correlated | +5.60% | ||
| WGMI - BITQ | 91% Closely correlated | +6.59% | ||
| BLOK - BITQ | 90% Closely correlated | +3.41% | ||
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