BKCH Stock Global X Blockchain ETF (BKCH, $53.36) Aroon Indicator entered an Uptrend on October 18, 2024.

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BKCH - Global X Blockchain ETF

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Odds of UP Trend

Price: $53.36

Daily change: +$2.85 (+5.64%)

Daily volume: 63.2K

Net Assets: $162.2M

BKCH in upward trend: price rose above 50-day moving average on October 11, 2024

BKCH moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend. In of 19 similar past instances, the stock price increased 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 14, 2024. You may want to consider a long position or call options on BKCH as a result. In of 45 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 BKCH just turned positive on October 14, 2024. Looking at past instances where BKCH's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for BKCH crossed bullishly above the 50-day moving average on September 30, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 190 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 164 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 Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for BKCH moved below the 200-day moving average on October 01, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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 October 18, 2024. 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.