MELANION BTC EQUIT UCITS ETF (BTC.MI) Stock Technical Analysis
BIT:BTC - Euronext Milan - FR0014002IH8 - ETF - Currency: EUR
Overall BTC gets a technical rating of 1 out of 10. BTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
100% of all other stocks performed better in the past year than BTC.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: BTC has an average volume of 3131 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month BTC has a been trading in the 9.80 - 20.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BTC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.88
14.35
When analyzing the support we notice one important area.
- A support zone ranging from 9.98 to 10.10. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for BTC.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTC.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTC.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTC.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BTC.MI is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 48.56 | NEUTRAL | The RSI value for BTC.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BTC.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.1 | NEUTRAL | The Stochastics value for BTC.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.74 | HIGH VOLATILITY | The high ATR as a percentage value for BTC.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for BTC.MI 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)
BIT:BTC (5/20/2025, 7:00:00 PM)
14.208
+3.19 (+28.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg28.95%
1 Week30.71%
2 Weeks8.52%
1 Month-30.32%
3 Month-21.57%
6 Month22.95%
12 MonthN/A
2 Year110.55%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%9.74%
ATR Inc82.46%
Range Today0.55
ADR(20)0.79
ADR(20)%5.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High14.55
10 Day Low9.8
20 Day High20.9
20 Day Low9.8
52 Week HighN/A
52 Week LowN/A
CS1 End10.1
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume790
Volume Incr-66.73%
Vol(5)957.6
Vol(50)3.13K