BIT BROTHER LTD (BTB) Stock Technical Analysis
NASDAQ:BTB - Nasdaq - VGG1144D1252 - Common Stock - Currency: USD
Overall BTB gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BTB was also a bad performer in the overall market in the last year.
94% of all other stocks performed better in the past year than BTB.
BTB is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 89% of 40 stocks in the same industry do better.
BTB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BTB has a been trading in the 0.51 - 0.61 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BTB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.52, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.51
0.64
We found 1 important support area.
- A support zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.63 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 BTB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTB is up. |
| ChartMill Relative Strength | 6.72 | NEGATIVE | BTB has a low relative strength, it was outperformed by 93.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.93 | NEUTRAL | The RSI value for BTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTB has a positive trend. |
| Stochastics (14,3) | 71.29 | NEUTRAL | The Stochastics value for BTB is a neutral value. |
| Average True Range in percent/ATR (20) | 8.23 | HIGH VOLATILITY | The high ATR as a percentage value for BTB suggests high volalility. |
| Average Directional Index/ADX (14) | 10.28 | NEGATIVE | The low ADX value for BTB 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)
NASDAQ:BTB (9/7/2023, 8:00:01 PM)
0.6
+0.03 (+4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg4.35%
1 Week12.97%
2 Weeks9.09%
1 Month2.21%
3 Month-23.39%
6 Month-48.28%
12 Month-76.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%8.23%
ATR Inc-1.99%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.72
Mansfield-7.68
10 Day High0.61
10 Day Low0.51
20 Day High0.61
20 Day Low0.51
52 Week High12
52 Week Low0.41
CS1 End0.52
CR1 Start0.63
Volume & EV
DER(3)-2.41%
DER(5)-11.4%
Volume372.40K
Volume Incr273.52%
Vol(5)424.08K
Vol(50)265.08K