MELANION BTC EQUIT UCITS ETF (BTC.MI) Stock Technical Analysis
BIT:BTC - Euronext Milan - FR0014002IH8 - ETF - Currency: EUR
Taking everything into account, BTC scores 4 out of 10 in our technical rating. In the last year, BTC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 3210 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BTC has a been trading in the 9.80 - 18.47 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BTC has an average technical rating and it also does not offer a high 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
17.05
We found 2 important support areas.
- Support @10.39 from a trend line in the daily time frame.
- Support @9.98 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.70 to 16.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for BTC.MI is up. |
| 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 | MIXED | The current price of BTC.MI is above 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) | 57.45 | NEUTRAL | The RSI value for BTC.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests BTC.MI has a positive trend. |
| Stochastics (14,3) | 93.72 | OVERBOUGHT | The high Stochastics value suggests BTC.MI may be overbought. |
| Average True Range in percent/ATR (20) | 7.78 | HIGH VOLATILITY | The high ATR as a percentage value for BTC.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for BTC.MI suggests a weak or negative 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 (7/18/2025, 7:00:00 PM)
16.694
+0.93 (+5.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.9%
1 Week17.5%
2 Weeks53.58%
1 Month-2.12%
3 Month-13.65%
6 Month64.08%
12 MonthN/A
2 Year94.64%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.2
ATR(20)%7.78%
ATR Inc-5.74%
Range Today0.72
ADR(20)0.63
ADR(20)%3.75%
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 High17.33
10 Day Low9.8
20 Day High18.47
20 Day Low9.8
52 Week HighN/A
52 Week LowN/A
CS1 End10.39
CR1 Start16.7
Volume & EV
DER(3)0%
DER(5)0%
Volume1.55K
Volume Incr-36.48%
Vol(5)1.62K
Vol(50)3.21K