| GBTC latest price $48.8500 (6.54%) ($46.4300 - $49.4500) on Wed. Feb. 24, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Uptrend Consolidation |
Trend Narrative | Uptrend Consolidation |
Average Daily Price Swing | $7.77 (18.17% one month average) |
Average Daily Percentage Swing | 7.92% (three month average) |
Weekly Trend Force | 1% (StdDev 7.92%) |
Daily Moving Force | -3% |
Correction Force | Weak (0%) |
Trend | 2.84% |
Trend Strength | 16.9% |
RSI | 73 |
Momentum | 2.3 |
Latest Price | $48.8500(6.54%) |
Forecasted Low Price | 46.9(-4%) |
Forecasted High Price | 50.07(2.5%) |
Direction of Next Movement | Range(-1.5%) |
% Change Needed to Confirm Correction | 14% (42.85) |
% Change Needed for Trend Reversal | 1.7% |
Hourly Trend | -7.8% [$47.9(-3.74), $51.13(1.64)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 7 |
Intraday Reversal Probability | N/A. |
Daily Trend | GBTC declines -0.4% a day on average for past five trading days. |
Weekly Trend | GBTC advances 16.6% 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 decline at-1.5% a week (68% probability) FEX(63%) IBUY(49%) TBT(49%) IPO(48%) EWG(47%) |
Factors Impacting GBTC price | GBTC will advance at least 2% in a week (47% probabilities). BND(-51%) TLT(-50%) CEMB(-46%) VCIT(-44%) LQD(-43%) |
Explanation | The decline is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | 0.6 |
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Relative Volatility | 1.3 (options are expensive) |
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Market Trend Strength | 1.5% (StdDev 7.92%) |
Hourly BBV | -0.5 () |
Intraday Trend | 1.2% |
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