BKCH Stock Summary and Trading Ideas (Global X Blockchain ETF | NASDAQ:BKCH)

The Global X Blockchain ETF (BKCH) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Blockchain Index.The Underlying Index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. A blockchain is a peer-to-peer shared, distributed ledger (or decentralized database) that facilitates the recording of transactions and tracking of assets without the need for the use of a central authority acting as a trusted intermediary (i.e., a bank).

Global X Blockchain ETF trades on the NASDAQ stock market under the symbol BKCH.

As of December 13, 2024, BKCH stock price declined to $68.18 with 47,459 million shares trading.

BKCH has a beta of 2.67, meaning it tends to be more sensitive to market movements. BKCH has a correlation of 0.19 to the broad based SPY ETF.

BKCH has a market cap of $217.21 million. This is considered a Small Cap stock.

In the last 3 years, BKCH traded as high as $104.00 and as low as $12.15.

BKCH has outperformed the market in the last year with a return of +74.7%, while the SPY ETF gained +29.9%. In the last 3 month period, BKCH beat the market returning +57.5%, while SPY returned +7.8%. However, in the most recent 2 weeks BKCH has underperformed the stock market by returning -4.0%, while SPY returned +0.3%.

BKCH support price is $64.64 and resistance is $71.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKCH shares will trade within this expected range on the day.