Overall BTBT gets a technical rating of 0 out of 10. 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 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.
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2.02
When analyzing the support we notice one important area.
- A support zone ranging from 2.04 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.27 to 2.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.80 from a trend 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 | DOWN | NEGATIVE | The short term trend for BTBT is down. |
| ChartMill Relative Strength | 10.46 | NEGATIVE | BTBT has a low relative strength, it was outperformed by 89.54% 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) | 34.7 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BTBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.43 | OVERSOLD | The low Stochastics value suggests BTBT may be oversold. |
| Average True Range in percent/ATR (20) | 10.55 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.4 | POSITIVE | The high ADX value value for BTBT suggests a strong trend. |
2.26
-0.03 (-1.31%)
BIT DIGITAL INC / BTBT FAQ
What is the technical rating for BTBT stock?
ChartMill assigns a technical rating of 0 / 10 to BTBT.
Can you provide the trend direction for BIT DIGITAL INC?
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 34.7019. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIT DIGITAL INC?
The MACD indicator for BIT DIGITAL INC (BTBT) has a value of -0.05968, indicating a bearish trend.
What is the support and resistance level for BTBT stock?
BIT DIGITAL INC (BTBT) has a support level at 2.08 and a resistance level at 2.27. Check the full technical report for our detailed analysis of BTBT support and resistance levels.