RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BKCH
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Wednesday for Global X Blockchain
(Updated on Mar 27, 2024)

Buy candidate since Mar 20, 2024 Gain 2.06% PDF

The Global X Blockchain ETF price fell by -0.0987% on the last day (Wednesday, 27th Mar 2024) from $50.68 to $50.63. During the last trading day the ETF fluctuated 5.87% from a day low at $49.40 to a day high of $52.30. The price has fallen in 6 of the last 10 days but is still up by 11.72% over the past 2 weeks. Volume has increased on the last day by 24 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately $4.57 million.

The ETF lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 23.95% during the next 3 months and, with a 90% probability hold a price between $48.67 and $71.35 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BKCH Signals & Forecast

The Global X Blockchain ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $49.12 and $46.95. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for Global X Blockchain ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $46.24 and $45.78. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Global X Blockchain finds support just below today's level at $46.24. If this is broken, then the next support from accumulated volume will be at $45.78 and $40.68.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.90 between high and low, or 5.87%. For the last week, the ETF has had daily average volatility of 5.24%.

Our recommended stop-loss: $49.12 (-2.98%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (BKCH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Global X Blockchain ETF to open at $50.78, and during the day (based on 14 day Average True Range), to move between $46.80 and $54.46, which gives a possible trading interval of +/-$3.83 (+/-7.56%) up or down from last closing price. If Global X Blockchain ETF takes out the full calculated possible swing range there will be an estimated 15.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $51.24 (1.20%) than the support at $46.24 (8.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Global X Blockchain ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Global X Blockchain ETF to perform well in the short-term.

Current score: 1.317 Buy Candidate Unchanged

Predicted Opening Price for Global X Blockchain ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$50.78 ( 0.290%) $50.63

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BKCH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 53.68 6.02 %
R2 52.57 3.83 %
R1 51.88 2.48 %
Current price: 50.63
Support S1 49.67 -1.90 %
S2 48.98 -3.25 %
S3 47.88 -5.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 52.98 4.64 %
R2 52.61 3.91 %
R1 51.24 1.20 %
Current price 50.63
Support S1 46.24 -8.67%
S2 45.78 -9.58%
S3 40.68 -19.65%

BKCH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 28, 2023 Dec 28, 2023 Jan 08, 2024 $0.383 0.84%
2 Jun 28, 2023 Jun 29, 2023 Jul 10, 2023 $0.192 0.519%
3 Dec 28, 2022 Dec 29, 2022 Jan 09, 2023 $0.0280 0.181%
4 Jun 28, 2022 Jun 29, 2022 Jul 08, 2022 $0.140 0.577%
5 Dec 29, 2021 Dec 30, 2021 Jan 07, 2022 $3.74 4.74%

FAQ

What is the symbol for Global X Blockchain ETF ETF and on which exchange is it traded?
The symbol for Global X Blockchain ETF is BKCH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Global X Blockchain ETF ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Global X Blockchain ETF to perform well in the short-term.

How to buy Global X Blockchain ETF ETF?
Global X Blockchain ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global X Blockchain ETF ETF.

What's the current price of Global X Blockchain ETF ETF?
As of the end of day on the 2024-03-27, the price of an Global X Blockchain ETF (BKCH) share was $50.63.

What is the 52-week high and low for Global X Blockchain ETF ETF?
The 52-week high for Global X Blockchain ETF ETF is $57.67 and the 52-week low is $19.22.

What is the market capitalization of Global X Blockchain ETF ETF?
As of the 2024-03-27, the market capitalization of Global X Blockchain ETF is 153.844M.
Click to get the best stock tips daily for free!