BIT DIGITAL INC (BTBT) Stock Technical Analysis
NASDAQ:BTBT - Nasdaq - KYG1144A1058 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BTBT. In the past year, BTBT 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.
When comparing the yearly performance of all stocks, BTBT is a bad performer in the overall market: 61% of all stocks are doing better.
BTBT is currently trading in the lower part of its 52 week range. The S&P500 Index however 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 1.92 - 2.61 range, which is quite wide. It is currently trading near the high of this range.
BTBT has an average volume of 13851400 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.
BTBT is an average performer in the Software industry, it outperforms 54% of 283 stocks in the same industry.
Volume is considerably higher in the last couple of days.
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
2.10
2.59
When analyzing the support we notice one important area.
- A support zone ranging from 2.12 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.56 from a horizontal 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 BTBT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTBT is up. |
| ChartMill Relative Strength | 39.48 | NEUTRAL | BTBT is not amongst the best or worst performers 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) | 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) | 62.59 | 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) | 84.44 | OVERBOUGHT | The high Stochastics value suggests BTBT may be overbought. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.85 | 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)
2.5
-0.05 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.96%
1 Week5.04%
2 Weeks20.19%
1 Month19.62%
3 Month-7.75%
6 Month-43.69%
12 Month-0.79%
2 Year-26.25%
3 Year40.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.1%
ATR Inc3.82%
Range Today0.11
ADR(20)0.14
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.48
Mansfield-2.13
10 Day High2.61
10 Day Low1.99
20 Day High2.61
20 Day Low1.92
52 Week High5.74
52 Week Low1.69
CS1 End2.14
CR1 Start2.56
Volume & EV
DER(3)3.22%
DER(5)6.19%
Volume17.04M
Volume Incr61.55%
Vol(5)20.72M
Vol(50)13.85M