21SHARES BITCOIN SINGLE (ABTC.PA) Stock Technical Analysis
EPA:ABTC - Euronext Paris - Matif - CH0454664001 - ETF - Currency: EUR
Taking everything into account, ABTC scores 6 out of 10 in our technical rating. ABTC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ABTC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 30.47, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.80
5 important support areas can be observed.
- A support zone ranging from 30.34 to 30.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.90 from a trend line in the weekly time frame.
- Support @25.25 from a trend line in the daily time frame.
- Support @24.47 from a trend line in the daily time frame.
- Support @23.03 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @32.03 from a trend line in the weekly time frame.
- Resistance @32.72 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ABTC.PA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABTC.PA is neutral. |
| ChartMill Relative Strength | 95.11 | POSITIVE | ABTC.PA has a high relative strength, it outperformed 95.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABTC.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABTC.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABTC.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.45 | NEUTRAL | The RSI value for ABTC.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests ABTC.PA has a negative trend. |
| Stochastics (14,3) | 16.46 | OVERSOLD | The low Stochastics value suggests ABTC.PA may be oversold. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ABTC.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.21 | NEGATIVE | The low ADX value for ABTC.PA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.12 | 30.33 | 0.79 (2.53%) | 25.00% |
| An entry @31.12. This is a Buy Stop order right above the 10 day moving average. | An exit @30.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.79 points, which is 2.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPA:ABTC (6/18/2025, 7:00:00 PM)
30.4799
+0.14 (+0.45%)