GRAYSCALE BITCN MINI TRU ETF (BTC) Stock Technical Analysis
NYSEARCA:BTC - NYSE Arca - US3899302075 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to BTC. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BTC is a bad performer.
100% of all other stocks performed better in the past year than BTC.
The long and short term trends are both positive. This is looking good!
In the last month BTC has a been trading in the 44.16 - 52.40 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BTC has an average volume of 1012460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BTC has an excellent technical rating, it 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
44.68
52.90
2 important support areas can be observed.
- A support zone ranging from 47.77 to 48.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.13 to 46.69. 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 | UP | POSITIVE | The long term trend for BTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.35 | OVERBOUGHT | The high RSI value suggests BTC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BTC has a positive trend. |
| Stochastics (14,3) | 98.03 | OVERBOUGHT | The high Stochastics value suggests BTC may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for BTC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.01 | NEGATIVE | The low ADX value for BTC 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)
52.38
+2.11 (+4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.2%
1 Week8.2%
2 Weeks9.83%
1 Month8.65%
3 Month40.96%
6 Month24.74%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%2.37%
ATR Inc68.86%
Range Today0.71
ADR(20)0.92
ADR(20)%1.76%
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 High52.4
10 Day Low46.65
20 Day High52.4
20 Day Low44.16
52 Week HighN/A
52 Week LowN/A
CS1 End48.74
CR1 StartN/A
Volume & EV
DER(3)7.49%
DER(5)4.76%
Volume1.80M
Volume Incr71.47%
Vol(5)1.49M
Vol(50)1.01M