14-day Premium Trial Subscription Sign Up For FreeGet Free

Weaker Stock
Today BKCH ranks #15438 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

Global X Blockchain ETF Forecast NASDAQ:BKCH

$18.21 (-3.29%)

Volume: 158k

Closed: Jan 19, 2022

Hollow Logo Score: -4.517

Global X Blockchain ETF Forecast

$18.21 (-3.29%)

Volume: 158k

Closed: Jan 19, 2022

Score Hollow Logo -4.517
Which way will BKCH go? Request

BKCH ETF Risk

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $1.11 between high and low, or 6.11%. For the last week, the ETF has had a daily average volatility of 4.94%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 24 and the ETF is currently not being overbought or oversold

Global X Blockchain ETF upgraded to Sell Candidate.
(Updated on Jan 19, 2022)


Sell candidate since 2022-01-19 PDF

The Global X Blockchain ETF price fell by -3.29% on the last day (Wednesday, 19th Jan 2022) from $18.83 to $18.21. and has now fallen 3 days in a row. During the day the ETF fluctuated 6.11% from a day low at $18.20 to a day high of $19.31. The price has fallen in 7 of the last 10 days and is down by -17.56% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -74 thousand shares and in total, 158 thousand shares were bought and sold for approximately $2.88 million.

The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -39.23% during the next 3 months and, with a 90% probability hold a price between $10.17 and $15.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. The Global X Blockchain ETF holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.70 and $23.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, December 27, 2021, and so far it has fallen -29.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $1.11 between high and low, or 6.11%. For the last week, the ETF has had a daily average volatility of 4.94%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Global X Blockchain ETF ETF A Buy?

Global X Blockchain holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.517

Sell Candidate Upgraded

Predicted Opening Price for Global X Blockchain ETF of Thursday, January 20, 2022

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

Fair opening price January 20, 2022 Current price
$18.57 $18.21 (Undervalued)

Remember To Visit Our YouTube Channel

Volatility and Risk
Daily Average Volatility: 4.94 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.94 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $19.84
Price: $18.21
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 19.69 8.10 %
19.26 5.77 %
19.00 4.33 %
Current price: 18.21
Support 18.15 -0.33 %
17.89 -1.77 %
17.46 -4.11 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 22.09 21.31 %
20.31 11.50 %
19.84 8.95 %
Current price 18.21
Support 0 .
0 .
0 .

Click to get the best stock tips daily for free!

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT