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DigitalBits

Check the daily chart of DigitalBits. The closing price of 2022-12-07 was USD 0.00385105 per share.

DigitalBits Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

DigitalBits Daily Moving Averages ChartDigitalBits Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of DigitalBits:

  • The Moving Average Convergence/Divergence (MACD) is 0.000. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
  • The MACD is lower than the signal line. This is a bearish indication. -1
DigitalBits Daily Moving Average Convergence/Divergence (MACD) ChartDigitalBits Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of DigitalBits:

  • The ADX is 30.006. Strong Trend. +1
  • The ADX is declining, the current trend is weakening. -1
  • The +DI is higher than the -DI. The current trend is up. +2
DigitalBits Daily Directional Movement Index (DMI) ChartDigitalBits Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • DigitalBits Daily Parabolic SAR ChartDigitalBits Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    DigitalBits Daily Relative Strength Index (RSI) ChartDigitalBits Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    DigitalBits Daily Stochastic Oscillator ChartDigitalBits Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    DigitalBits Daily Commodity Channel Index (CCI) ChartDigitalBits Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    DigitalBits Daily Chande Momentum Oscillator (CMO) ChartDigitalBits Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    DigitalBits Daily Williams %R ChartDigitalBits Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    DigitalBits Daily Bollinger Bands ChartDigitalBits Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    DigitalBits Daily Average True Range (ATR) ChartDigitalBits Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    DigitalBits Daily On-Balance Volume (OBV) ChartDigitalBits Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    DigitalBits Daily Money Flow Index (MFI) ChartDigitalBits Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for DigitalBits.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2022-11-28SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    2022-11-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
    2022-12-04WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2022-12-05STOCH LONG ENTRY SHORT CLOSE20 crossover to upside

    5.2. Technical Score

    Let's check the technical score of DigitalBits based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5039.535
    Ma 20Greater thanMa 500.005
    Ma 50Greater thanMa 1000.006
    Ma 100Greater thanMa 2000.005
    OpenGreater thanClose0.004
    Total2/5 (40.0%)

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