| GBTC latest price $13.8400 (4.85%) ($13.6500 - $14.0000) on Wed. Aug. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.64% (three month average) |
RSI | 89 |
Latest Price | $13.8400(4.85%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | GBTC advances 2.3% a day on average for past five trading days. |
Weekly Trend | GBTC advances 16% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support GBTC advance at 0% a week (0% probability) BLOK(62%) ARKK(34%) IDRV(34%) ARKG(33%) LIT(33%) |
Factors Impacting GBTC price | GBTC will decline at least -2.32% in a week (0% probabilities). UUP(-30%) VXX(-23%) VIXM(-16%) XLC(-4%) IYT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.32% (StdDev 4.64%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
| |
|
|