


Technical Sentiment Analysis for CoinShares Bitcoin Mining ETF (WGMI). As of 2026-05-06, CoinShares Bitcoin Mining ETF (WGMI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WGMI stands at 76.73, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 3.44, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 91.39 and the Commodity Channel Index (CCI) at 282.15 further confirm a 10.68 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WGMI is trading below its 60-day moving average of $42.1 and below its 200-day long-term moving average of $42.13. Key price levels to watch include the immediate resistance at $59.26 and strong support at $43.03. A break above $59.26 could signal a bull continuation, while falling below $43.03 may test the next Fibonacci floor at $35.7.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 26.8 | 35.7 | 43.03 | 51.93 | 59.26 | 68.16 | 75.49 |
| Fibonacci | 35.7 | 41.9 | 45.73 | 51.93 | 58.13 | 61.96 | 68.16 |
2026-05-06
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 76.73 |
| Stochastic Oscillator | 91.39 |
| Stochastic RSI | 75.39 |
| Commodity Channel Index (CCI) | 282.15 |
| Awesome Oscillator | 8.13 |
| Momentum | 10.68 |
| MACD | 3.44 |
2026-05-06
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 52.55 | Buy |
| 10-Day | 50.36 | Buy |
| 20-Day | 48.46 | Buy |
| 60-Day | 42.1 | Buy |
| 200-Day | 42.13 | Buy |
| 250-Day | 37.79 | Buy |