BIT BROTHER LTD (BETS) Stock Technical Analysis
USA - NASDAQ:BETS - VGG1144D1336 - Common Stock
Taking everything into account, BETS scores 1 out of 10 in our technical rating. BETS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BETS has a poor technical rating and the quality of the setup is also only medium 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
We found 1 important support area.
- Support @2.67 from a trend line in the daily time frame.
When analyzing the resistance we notice one important 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. |
2.78
-0.21 (-7.02%)
BIT BROTHER LTD / BETS FAQ
Can you provide the ChartMill technical rating for BIT BROTHER LTD?
ChartMill assigns a technical rating of 1 / 10 to BETS.
Can you provide the trend direction for BIT BROTHER LTD?
The current trend direction for BIT BROTHER LTD (BETS) is Bearish.
What is the RSI signal for BETS stock?
BIT BROTHER LTD (BETS) has an RSI value of 40.6093. This indicates that the stock is currently neutral.
What is the buy/sell signal for BIT BROTHER LTD (BETS) stock?
The buy/sell signal for BIT BROTHER LTD (BETS) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for BIT BROTHER LTD (BETS) stock?
BIT BROTHER LTD (BETS) has a support level at 2.67 and a resistance level at 3.19. Check the full technical report for our detailed analysis of BETS support and resistance levels.