BLCN Stock Summary and Trading Ideas (Siren Nasdaq Nexgen Economy ETF | NASDAQ:BLCN)

Siren Nasdaq NexGen Economy ETF (BLCN) Fund seeks to invest in companies committed to developing, researching or utilizing blockchain technologies. The Siren Nasdaq Blockchain Economy Index was created through a partnership between Reality Shares, Inc. and Nasdaq, and constitutes the joint research, analysis and investigation of both groups on the emerging development of blockchain technology. The Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their use or for use by others.

Siren Nasdaq Nexgen Economy ETF trades on the NASDAQ stock market under the symbol BLCN.

As of April 17, 2024, BLCN stock price declined to $24.54 with 43,409 million shares trading.

BLCN has a beta of 1.43, meaning it tends to be more sensitive to market movements. BLCN has a correlation of 0.40 to the broad based SPY ETF.

BLCN has a market cap of $69.94 million. This is considered a Micro Cap stock.

In the last 3 years, BLCN stock traded as high as $52.28 and as low as $18.29.

BLCN has underperformed the market in the last year with a price return of +13.1% while the SPY ETF gained +23.0%. However, in the short term, BLCN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.7% vs +5.7% return in SPY. But in the last 2 weeks, BLCN shares have been beat by the market, returning -9.8% compared to an SPY return of -3.5%.

BLCN support price is $24.76 and resistance is $26.14 (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 BLCN stock will trade within this expected range on the day.