BIT BROTHER LTD (BTB) Technical Analysis
NASDAQ:BTB • VGG1144D1252
Current stock price
BTB Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to BTB. In the past year, BTB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 94% of all other stocks performed better in the past year than BTB.
- BTB is part of the Consumer Staples Distribution & Retail industry. There are 37 other stocks in this industry, of which 91% are performing better than BTB.
- 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 Weekly and Daily overview Charts
BTB Setup Rating and Analysis
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
BTB Support and Resistance Analysis
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.
We found 1 important resistance area.
- Resistance @0.63 from a trend line in the daily time frame.
BTB Technical Indicator Signal Analysis
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. |
BTB Chart- and CandleStick Pattern Analysis
BTB Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:BTB (9/7/2023, 8:00:01 PM)
0.6
+0.03 (+4.35%)
BIT BROTHER LTD / BTB TA FAQ
What is the ChartMill technical rating of BIT BROTHER LTD (BTB) stock?
ChartMill assigns a technical rating of 3 / 10 to BTB.
What is the current trend direction of BIT BROTHER LTD (BTB) stock?
The current trend direction for BIT BROTHER LTD (BTB) is Bearish.
What is the RSI signal for BTB stock?
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 BTB stock?
The MACD indicator for BIT BROTHER LTD (BTB) has a value of 0.00662596, indicating a bearish trend.
What are the support and resistance levels for BIT BROTHER LTD (BTB) stock?
BIT BROTHER LTD (BTB) has a support level at 0.52 and a resistance level at 0.63. Check the full technical report for our detailed analysis of BTB support and resistance levels.