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BKCH
ETF ticker: NASDAQ
AS OF
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Net Assets
105.93M

BKCH Global X Blockchain ETF Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BKCH with price predictions
07:00 PM EST Dec 05, 2023

Momentum Indicator for BKCH turns positive, indicating new upward trend

BKCH 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 47 similar instances where the indicator turned positive. In of the 47 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

BKCH moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BKCH crossed bullishly above the 50-day moving average on November 03, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 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 BKCH advanced for three days, in of 180 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 104 cases where BKCH 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 demonstrates that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 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 BKCH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BKCH 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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), PayPal Holdings (NASDAQ:PYPL), Block (NASDAQ:SQ).

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Blockchain Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X Blockchain ETF ETF is 164.88B. The market cap for tickers in the group ranges from 164.57M to 1.12T. NVDA holds the highest valuation in this group at 1.12T. The lowest valued company is BKKT at 164.57M.

High and low price notable news

The average weekly price growth across all stocks in the Global X Blockchain ETF ETF was 17%. For the same ETF, the average monthly price growth was 44%, and the average quarterly price growth was 58%. HUT experienced the highest price growth at 416%, while NVDA experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Global X Blockchain ETF ETF was 7%. For the same stocks of the ETF, the average monthly volume growth was 47% and the average quarterly volume growth was 86%

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: 70
Price Growth Rating: 38
SMR Rating: 77
Profit Risk Rating: 74
Seasonality Score: 22 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

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Profile
Fundamentals
Details
Category
Digital Assets
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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BKCH and

Correlation & Price change

A.I.dvisor indicates that over the last year, BKCH has been closely correlated with DAPP. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if BKCH jumps, then DAPP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BKCH
1D Price
Change %
BKCH100%
-1.12%
DAPP - BKCH
97%
Closely correlated
-1.48%
FDIG - BKCH
96%
Closely correlated
-1.43%
WGMI - BKCH
94%
Closely correlated
-1.61%
BITQ - BKCH
94%
Closely correlated
-1.35%
BLOK - BKCH
93%
Closely correlated
-1.23%
More