Taking everything into account, BTB scores 3 out of 10 in our technical rating. 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.
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
When analyzing the support we notice one important 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. |
NASDAQ:BTB (9/7/2023, 8:00:01 PM)
0.6
+0.03 (+4.35%)
BIT BROTHER LTD / BTB FAQ
What is the ChartMill technical rating of BIT BROTHER LTD (BTB) stock?
ChartMill assigns a technical rating of 3 / 10 to BTB.
Can you provide the trend direction for BIT BROTHER LTD?
The current trend direction for BIT BROTHER LTD (BTB) is Bearish.
Can you provide the RSI signal for BIT BROTHER LTD?
BIT BROTHER LTD (BTB) has an RSI value of 57.9269. This indicates that the stock is currently neutral.
What is the MACD signal for BIT BROTHER LTD (BTB) stock?
The MACD indicator for BIT BROTHER LTD (BTB) has a value of 0.00662596, indicating a bearish trend.
What is the buy/sell signal for BIT BROTHER LTD (BTB) stock?
The buy/sell signal for BIT BROTHER LTD (BTB) is hold as the short term and long term trends are mixed.