IBIT in +4.87% Uptrend, rising for three consecutive days on December 17, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IBIT advanced for three days, in of 87 cases, the price rose 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 December 10, 2024. You may want to consider a long position or call options on IBIT as a result. In of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 68 cases where IBIT 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 has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence Histogram (MACD) for IBIT turned negative on December 02, 2024. 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 9 similar instances when the indicator turned negative. In of the 9 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBIT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IBIT broke above its upper Bollinger Band on December 16, 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.
General Information
Category Digitalccurrency
| 1 Day | |||
|---|---|---|---|
| CRYPTO / NAME | Price $ | Chg $ | Chg % |
| EPX.X | 0.000064 | 0.000007 | +11.88% |
| Ellipsis cryptocurrency | |||
| ELF.X | 0.503052 | -0.009232 | -1.80% |
| aelf cryptocurrency | |||
| GRT.X | 0.259665 | -0.015853 | -5.75% |
| The Graph cryptocurrency | |||
| MOVR.X | 14.568020 | -1.042006 | -6.68% |
| Moonriver cryptocurrency | |||
| GHST.X | 1.104465 | -0.080750 | -6.81% |
| Aavegotchi cryptocurrency | |||
IBIT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, IBIT has been closely correlated with BITC. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBIT jumps, then BITC could also see price increases.
| Ticker / NAME | Correlation To IBIT | 1D Price Change % | ||
|---|---|---|---|---|
| IBIT | 100% | +0.85% | ||
| BITC - IBIT | 92% Closely correlated | +0.83% | ||
| ARKA - IBIT | 92% Closely correlated | +0.81% | ||
| BITX - IBIT | 92% Closely correlated | +1.73% | ||
| BETH - IBIT | 91% Closely correlated | +0.03% | ||
| DEFI - IBIT | 91% Closely correlated | +0.78% | ||
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