Overall BTBT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BTBT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, BTBT is a bad performer in the overall market: 92% of all stocks are doing better.
- BTBT is one of the lesser performing stocks in the Software industry. 69% of 277 stocks in the same industry do better.
- BTBT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BTBT has a been trading in the 1.86 - 2.45 range, which is quite wide. It is currently trading near the high of this range.
- BTBT has an average volume of 33596000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BTBT is bad and it also does not present a 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
1.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.16 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.03 from a horizontal line in the weekly time frame.
- Support @1.90 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.38 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.66 from a trend line in the weekly time frame.
- Resistance @3.84 from a horizontal line in the weekly 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 BTBT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTBT is up. |
| ChartMill Relative Strength | 8.61 | NEGATIVE | BTBT has a low relative strength, it was outperformed by 91.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BTBT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BTBT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.93 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BTBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests BTBT may be overbought. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.14 | NEGATIVE | The low ADX value for BTBT suggests a weak or negative trend. |
2.37
+0.06 (+2.6%)
BIT DIGITAL INC / BTBT FAQ
What is the technical rating for BTBT stock?
ChartMill assigns a technical rating of 2 / 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 55.9305. 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 positive.
What is the buy/sell signal for BIT DIGITAL INC (BTBT) stock?
The buy/sell signal for BIT DIGITAL INC (BTBT) is hold as the short term and long term trends are mixed.