BIT DIGITAL INC (BTBT) Stock Technical Analysis
NASDAQ:BTBT - Nasdaq - KYG1144A1058 - Common Stock - Currency: USD
Overall BTBT gets a technical rating of 5 out of 10. BTBT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month BTBT has a been trading in the 2.66 - 4.49 range, which is quite wide. It is currently trading near the lows of this range.
BTBT is one of the better performing stocks in the Software industry, it outperforms 73% of 282 stocks in the same industry.
BTBT has an average volume of 41942100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that BTBT is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BTBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTBT is lagging the market.
BTBT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.12
3.91
We found 3 important support areas.
- A support zone ranging from 2.87 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.71 to 2.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.14 to 2.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.74 from a trend line in the weekly time frame.
- Resistance @3.87 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 | NEUTRAL | NEUTRAL | The long term trend for BTBT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTBT is neutral. |
| ChartMill Relative Strength | 79.39 | POSITIVE | BTBT has a high relative strength, it outperformed 79.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.44 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BTBT has a negative trend. |
| Stochastics (14,3) | 32.76 | NEUTRAL | The Stochastics value for BTBT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.86 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.69 | NEUTRAL | The ADX value for BTBT suggests a possible start of a new 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)
2.99
+0.04 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.36%
1 Week9.93%
2 Weeks-5.08%
1 Month-10.21%
3 Month43.75%
6 Month-3.24%
12 Month-3.55%
2 Year27.23%
3 Year102.03%
5 Year-39.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%11.86%
ATR Inc47.78%
Range Today0.2
ADR(20)0.34
ADR(20)%11.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.39
Mansfield-1.01
10 Day High3.64
10 Day Low2.66
20 Day High4.49
20 Day Low2.66
52 Week High5.74
52 Week Low1.69
CS1 End2.88
CR1 Start3
Volume & EV
DER(3)-1.78%
DER(5)-0.35%
Volume36.21M
Volume Incr-14.25%
Vol(5)50.19M
Vol(50)41.94M