BIT TRE BIT TRE RO ST ET-USD (BITC) Stock Technical Analysis
NYSEARCA:BITC - NYSE Arca - US0917482020 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to BITC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BITC is only an average performer.
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 8458 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
BITC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, BITC outperforms 55% of them, which is more or less in line with the market.
In the last month BITC has a been trading in a tight range between 48.58 and 51.40.
BITC 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.
More info and screens
39.15
51.18
We found 5 important support areas.
- A support zone ranging from 47.38 to 47.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.32 from a horizontal line in the weekly time frame.
- Support @44.45 from a horizontal line in the daily time frame.
- Support @40.77 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 2 important areas.
- A resistance zone ranging from 49.21 to 49.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.67 to 50.67. 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 | UP | POSITIVE | The long term trend for BITC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITC is up. |
| ChartMill Relative Strength | 55.77 | NEUTRAL | BITC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BITC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BITC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BITC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.54 | NEUTRAL | The RSI value for BITC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests BITC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.98 | NEUTRAL | The Stochastics value for BITC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for BITC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.12 | 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)
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 |
|---|---|---|---|
| 49.73 | 48.57 | 1.16 (2.33%) | 25.00% |
| An entry @49.73. This is a Buy Stop order right above the resistance zone. | An exit @48.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.16 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- 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.
NYSEARCA:BITC (8/7/2025, 4:10:02 PM)
49.15
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.08%
2 Weeks-1.95%
1 Month2.73%
3 Month4.37%
6 Month10.49%
12 Month8.85%
2 Year117.82%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%1.79%
ATR Inc-75.3%
Range Today0.2
ADR(20)0.59
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.77
Mansfield-0.7
10 Day High50.19
10 Day Low48.58
20 Day High51.4
20 Day Low48.58
52 Week High79.48
52 Week Low38.57
CS1 End47.74
CR1 Start49.21
Volume & EV
DER(3)-2.47%
DER(5)-0.63%
Volume10.82K
Volume Incr-35.12%
Vol(5)6.18K
Vol(50)8.46K