BITS Global X Blockchain & Bitcoin Str ETF Forecast, Technical & Fundamental Analysis
BITS's Stochastic Oscillator sits in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BITS advanced for three days, in of 183 cases, the price rose further within the following month. The odds of a continued upward trend are .
BITS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 31, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BITS as a result. In of 58 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BITS turned negative on January 28, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 29 similar instances when the indicator turned negative. In of the 29 cases the stock turned lower in the days that followed. This puts the odds of success at .
BITS moved below its 50-day moving average on January 27, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BITS crossed bearishly below the 50-day moving average on February 03, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BITS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BITS entered a downward trend on January 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Digitalccurrency
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RYWTX | 73.13 | 1.48 | +2.07% |
| Rydex Emerging Markets 2X Strategy A | |||
| MBACX | 30.66 | -0.21 | -0.68% |
| NYLI Balanced Class C | |||
| PJEAX | 15.65 | -0.16 | -1.01% |
| PGIM US Real Estate A | |||
| CZMVX | 16.17 | -0.19 | -1.16% |
| Multi-Manager Value Strategies Inst | |||
| SCPAX | 10.76 | -0.20 | -1.82% |
| SEI Large Cap Disciplined Eq A (SIIT) | |||
BITS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BITS has been closely correlated with BKCH. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if BITS jumps, then BKCH could also see price increases.
| Ticker / NAME | Correlation To BITS | 1D Price Change % | ||
|---|---|---|---|---|
| BITS | 100% | -5.76% | ||
| BKCH - BITS | 93% Closely correlated | -7.82% | ||
| BLOK - BITS | 91% Closely correlated | -5.78% | ||
| BITQ - BITS | 90% Closely correlated | -6.23% | ||
| FBTC - BITS | 89% Closely correlated | -3.77% | ||
| IBIT - BITS | 89% Closely correlated | -3.78% | ||
More | ||||