BIT TRE BIT TRE RO ST ET-USD (BITC) Stock Technical Analysis
NYSEARCA:BITC - NYSE Arca - US0917482020 - ETF - Currency: USD
Overall BITC gets a technical rating of 7 out of 10. BITC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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.
Warning: BITC has an average volume of 8140 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BITC has a been trading in the 44.45 - 49.73 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BITC is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BITC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.15
50.22
6 important support areas can be observed.
- A support zone ranging from 46.07 to 46.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.24 to 45.32. 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 @41.84 from a trend line in the weekly time frame.
- Support @40.37 from a trend line in the weekly time frame.
- Support @39.55 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @49.72 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for BITC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITC is up. |
| ChartMill Relative Strength | 78.86 | POSITIVE | BITC has a high relative strength, it outperformed 78.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.38 | NEUTRAL | The RSI value for BITC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests BITC has a positive trend. |
| Stochastics (14,3) | 97.23 | OVERBOUGHT | The high Stochastics value suggests BITC may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for BITC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.08 | 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 (7/11/2025, 8:04:02 PM)
49.7113
+1.87 (+3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.9%
1 Week7.63%
2 Weeks9.68%
1 Month4.64%
3 Month27.43%
6 Month13.65%
12 Month14.66%
2 Year95.53%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%1.65%
ATR Inc207.95%
Range Today0.42
ADR(20)0.51
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.86
Mansfield-0.56
10 Day High49.73
10 Day Low44.45
20 Day High49.73
20 Day Low44.45
52 Week High79.48
52 Week Low37.21
CS1 End46.68
CR1 Start49.72
Volume & EV
DER(3)3.88%
DER(5)2.33%
Volume10.10K
Volume Incr7.82%
Vol(5)8.76K
Vol(50)8.14K