GBTC Stock Grayscale Bitcoin Trust ETF ETF (GBTC, $72.81) Aroon Indicator entered an Uptrend on November 15, 2024.

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GBTC - Grayscale Bitcoin Trust ETF ETF

Aroon signal

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Odds of UP Trend

Price: $72.81

Daily change: +$3.31 (+4.76%)

Daily volume: 3.6M

Net Assets: $19.2B

Momentum Indicator for GBTC turns positive, indicating new upward trend

GBTC saw its Momentum Indicator move above the 0 level on November 05, 2024. 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 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for GBTC just turned positive on November 06, 2024. Looking at past instances where GBTC's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

GBTC 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GBTC advanced for three days, in of 286 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 241 cases where GBTC 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 7 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 6 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 GBTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GBTC broke above its upper Bollinger Band on November 11, 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.