BIT BROTHER LTD (BETS) Stock Technical Analysis
NASDAQ:BETS - Nasdaq - VGG1144D1336 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BETS. BETS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BETS is a bad performer in the overall market: 100% of all stocks are doing better.
BETS is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 95% of 41 stocks in the same industry do better.
In the last month BETS has a been trading in the 1.73 - 5.99 range, which is quite wide. It is currently trading near the lows of this range.
BETS has an average volume of 260387000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
BETS has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.64
3.22
When analyzing the support we notice one important area.
- Support @2.67 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @3.19 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 | DOWN | NEGATIVE | The long term trend for BETS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BETS is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BETS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BETS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BETS is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.61 | NEUTRAL | The RSI value for BETS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests BETS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.71 | NEUTRAL | The Stochastics value for BETS is a neutral value. |
| Average True Range in percent/ATR (20) | 28.52 | HIGH VOLATILITY | The high ATR as a percentage value for BETS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for BETS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.78
-0.21 (-7.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-7.02%
1 Week-35.05%
2 Weeks17.8%
1 Month42.56%
3 Month-80.56%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%28.52%
ATR Inc-15.22%
Range Today0.63
ADR(20)0.66
ADR(20)%23.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High5.99
10 Day Low2.07
20 Day High5.99
20 Day Low1.73
52 Week HighN/A
52 Week LowN/A
CS1 End2.67
CR1 Start3.19
Volume & EV
DER(3)1.89%
DER(5)-0.58%
Volume2.53M
Volume Incr-39.08%
Vol(5)2.94M
Vol(50)260.39M