PURPOSE BITCOIN ETF (BTCC-B.CA) Stock Technical Analysis
TSX:BTCC-B - Toronto Stock Exchange - CA74642C2013 - ETF - Currency: CAD
Overall BTCC-B gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTCC-B is showing a nice and steady performance.
In the last month BTCC-B has a been trading in the 19.58 - 21.90 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BTCC-B is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BTCC-B is performing more or less in line with the market.
Looking at the yearly performance, BTCC-B did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Considerably lower volume is observed in the last couple of days.
Although BTCC-B has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
14.05
21.96
5 important support areas can be observed.
- Support @19.60 from a horizontal line in the daily time frame.
- Support @18.03 from a trend line in the weekly time frame.
- Support @16.85 from a trend line in the daily time frame.
- Support @16.28 from a trend line in the daily time frame.
- Support @14.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.45 to 21.74. This zone is formed by a combination of multiple trend lines 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 BTCC-B.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTCC-B.CA is neutral. |
| ChartMill Relative Strength | 85.26 | POSITIVE | BTCC-B.CA has a high relative strength, it outperformed 85.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCC-B.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCC-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCC-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for BTCC-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BTCC-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.02 | OVERSOLD | The low Stochastics value suggests BTCC-B.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCC-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.03 | NEUTRAL | The ADX value for BTCC-B.CA 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)
TSX:BTCC-B (6/6/2025, 7:00:00 PM)
20.15
+0.55 (+2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.81%
1 Week-0.4%
2 Weeks-4.32%
1 Month1.46%
3 Month14.16%
6 Month-1.18%
12 Month47.94%
2 Year245.63%
3 Year466.01%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%2.64%
ATR Inc48.27%
Range Today0.27
ADR(20)0.42
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.26
Mansfield1.88
10 Day High21.48
10 Day Low19.58
20 Day High21.9
20 Day Low19.58
52 Week High21.96
52 Week Low10.27
CS1 End19.6
CR1 Start21.45
Volume & EV
DER(3)-10.96%
DER(5)-6.49%
Volume337.81K
Volume Incr-32.98%
Vol(5)329.12K
Vol(50)512.46K