BIT DIGITAL INC (BTBT) Technical Analysis
NASDAQ:BTBT • KYG1144A1058
Current stock price
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.
- 89% of all other stocks performed better in the past year than BTBT.
- BTBT is one of the lesser performing stocks in the Software industry. 60% of 277 stocks in the same industry do 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 1.57 - 1.90 range, which is quite wide. It is currently trading near the lows of this range.
- BTBT has an average volume of 27722700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
BTBT Weekly and Daily overview Charts
BTBT Setup Rating and Analysis
BTBT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for BTBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BTBT Support and Resistance Analysis
1.60
3 important resistance areas can be observed.
- A resistance zone ranging from 1.68 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.75 from a trend line in the daily time frame.
- Resistance @3.89 from a horizontal line in the weekly time frame.
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 | 11.09 | NEGATIVE | BTBT has a low relative strength, it was outperformed by 88.91% 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) | 42.3 | 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) | 13.02 | OVERSOLD | The low Stochastics value suggests BTBT may be oversold. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for BTBT suggests a weak or negative trend. |
BTBT Chart- and CandleStick Pattern Analysis
BTBT Technicals: Chart, Performance Metrics, Trend & Indicators
1.615
-0.01 (-0.31%)
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 42.301. 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.