BIT DIGITAL INC (BTBT) Technical Analysis
NASDAQ:BTBT • KYG1144A1058
Current stock price
1.55 USD
-0.06 (-3.73%)
At close:
1.5599 USD
+0.01 (+0.64%)
After Hours:
BTBT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BTBT. BTBT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BTBT is a bad performer in the overall market: 89% of all stocks are doing better.
- BTBT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BTBT is lagging the market.
- In the last month BTBT has a been trading in the 1.50 - 1.90 range, which is quite wide. It is currently trading near the lows of this range.
- BTBT has an average volume of 26195500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BTBT is part of the Software industry. There are 277 other stocks in this industry, BTBT did better than 42% of them.
BTBT Weekly and Daily overview Charts
BTBT Setup Rating and Analysis
Although the technical rating is bad, BTBT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
BTBT Support and Resistance Analysis
1.53
1.70
When analyzing the resistance we notice 2 important areas.
- Resistance @1.58 from a trend line in the daily time frame.
- A resistance zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BTBT 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 BTBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTBT is down. |
| ChartMill Relative Strength | 11.15 | NEGATIVE | BTBT has a low relative strength, it was outperformed by 88.85% 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) | DOWN | NEGATIVE | The current price of BTBT is below a declining 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) | 39.52 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BTBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.51 | OVERSOLD | The low Stochastics value suggests BTBT may be oversold. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for BTBT suggests a weak or negative trend. |
BTBT Chart- and CandleStick Pattern Analysis
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)
BTBT Technicals: Chart, Performance Metrics, Trend & Indicators
1.55
-0.06 (-3.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.73%
1 Week-4.02%
2 Weeks-4.32%
1 Month-5.49%
3 Month-30.49%
6 Month-50.32%
12 Month-33.48%
2 Year-45.99%
3 Year0.65%
5 Year-89.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.62%
ATR Inc7.19%
Range Today0.14
ADR(20)0.11
ADR(20)%6.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.15
3 months CRS11.55
6 months CRS9.36
Mansfield-3.88
10 Day High1.72
10 Day Low1.5
20 Day High1.9
20 Day Low1.5
52 Week High4.55
52 Week Low1.49
CS1 EndN/A
CR1 Start1.58
Volume & EV
DER(3)0.26%
DER(5)-0.46%
Volume26.87M
Volume Incr-8.26%
Vol(5)19.33M
Vol(50)26.20M
BIT DIGITAL INC / BTBT TA FAQ
What is the technical rating for BTBT stock?
ChartMill assigns a technical rating of 0 / 10 to BTBT.
What is the current trend direction of BIT DIGITAL INC (BTBT) stock?
The current trend direction for BIT DIGITAL INC (BTBT) is Bearish.
What is the RSI signal for BTBT stock?
BIT DIGITAL INC (BTBT) has an RSI value of 39.523. This indicates that the stock is currently neutral.
What is the short term momentum for BTBT stock?
The short term momentum for BIT DIGITAL INC (BTBT) is negative.
What is the buy/sell signal for BIT DIGITAL INC (BTBT) stock?
The buy/sell signal for BIT DIGITAL INC (BTBT) is sell as both the short term and long term trends are negative.