BIT TRE BIT TRE RO ST ET-USD (BITC) Stock Technical Analysis
NYSEARCA:BITC - US0917482020 - ETF
47.14 USD
0 (-0.01%)
We assign a technical rating of 3 out of 10 to BITC. BITC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
BITC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BITC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: BITC has an average volume of 7910 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When compared to the yearly performance of all other stocks, BITC outperforms 59% of them, which is more or less in line with the market.
Although the technical rating is bad, BITC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 47.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.09, a Stop Loss order could be placed below this zone.
More info and screens
39.15
51.33
We found 4 important support areas.
- A support zone ranging from 46.68 to 47.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.45 from a horizontal line in the daily time frame.
- Support @41.16 from a trend line in the weekly time frame.
- Support @39.55 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 47.17 to 48.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.59 to 49.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 50.67 to 50.82. This zone is formed by a combination of multiple trend lines 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 BITC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITC is down. |
| ChartMill Relative Strength | 59.57 | NEUTRAL | BITC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BITC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.73 | NEUTRAL | The RSI value for BITC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BITC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.5 | NEUTRAL | The Stochastics value for BITC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for BITC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.45 | NEGATIVE | The low ADX value for BITC 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)
NYSEARCA:BITC (9/4/2025, 5:05:02 PM)
47.14
0 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.01%
1 Week-0.15%
2 Weeks-0.02%
1 Month-4.09%
3 Month-0.72%
6 Month5.92%
12 Month19.18%
2 Year104.12%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.03%
ATR Inc-89.22%
Range Today0.03
ADR(20)0.4
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.57
Mansfield-1.27
10 Day High47.29
10 Day Low47.02
20 Day High50.81
20 Day Low46.48
52 Week High79.48
52 Week Low38.57
CS1 End47.09
CR1 Start47.17
Volume & EV
DER(3)0.62%
DER(5)2.23%
Volume4.01K
Volume Incr0.1%
Vol(5)7.28K
Vol(50)7.91K