PURPOSE BITCOIN ETF (BTCC-J.CA) Stock Technical Analysis
TSX:BTCC-J - Toronto Stock Exchange - CA74642C6071 - ETF - Currency: CAD
We assign a technical rating of 10 out of 10 to BTCC-J. Both in the recent history as in the last year, BTCC-J has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: BTCC-J has an average volume of 710 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
BTCC-J is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
BTCC-J is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that BTCC-J is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by BTCC-J over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, BTCC-J also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 19.95. Right above this resistance zone may be a good entry point.
More info and screens
14.02
20.45
5 important support areas can be observed.
- A support zone ranging from 18.98 to 19.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.24 to 17.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.93 from a trend line in the weekly time frame.
- Support @15.57 from a trend line in the daily time frame.
- Support @14.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.95 to 20.25. 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 BTCC-J.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCC-J.CA is up. |
| ChartMill Relative Strength | 84.62 | POSITIVE | BTCC-J.CA has a high relative strength, it outperformed 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCC-J.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCC-J.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCC-J.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.7 | NEUTRAL | The RSI value for BTCC-J.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BTCC-J.CA has a negative trend. |
| Stochastics (14,3) | 76.8 | NEUTRAL | The Stochastics value for BTCC-J.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCC-J.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for BTCC-J.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.96 | 19.31 | 0.65 (3.25%) | 25.00% |
| An entry @19.96. This is a Buy Stop order right above the 10 day moving average. | An exit @19.31. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 3.25%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:BTCC-J (8/6/2025, 7:00:00 PM)
19.63
+0.31 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.6%
1 Week-1.01%
2 Weeks4.36%
1 Month8.04%
3 Month19.7%
6 Month2.99%
12 Month63.18%
2 Year332.38%
3 Year496.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%2.02%
ATR Inc-4.49%
Range Today0
ADR(20)0.04
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.62
Mansfield1.86
10 Day High20.25
10 Day Low19.32
20 Day High20.25
20 Day Low17.29
52 Week High20.25
52 Week Low9.18
CS1 End19.26
CR1 Start19.95
Volume & EV
DER(3)0%
DER(5)0%
Volume201
Volume Incr-48.71%
Vol(5)469
Vol(50)710.8