PURPOSE BITCOIN ETF (BTCC-U.CA) Stock Technical Analysis
TSX:BTCC-U - Toronto Stock Exchange - CA74642C3003 - ETF - Currency: USD
Overall BTCC-U gets a technical rating of 8 out of 10. BTCC-U has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
BTCC-U 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-U is performing more or less in line with the market.
In the last month BTCC-U has a been trading in the 18.21 - 20.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, BTCC-U did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, BTCC-U also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
12.12
20.08
We found 4 important support areas.
- Support @18.24 from a horizontal line in the daily time frame.
- Support @15.02 from a trend line in the daily time frame.
- Support @13.42 from a trend line in the weekly time frame.
- Support @12.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.91 to 19.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @19.88 from a horizontal line 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 | UP | POSITIVE | The long term trend for BTCC-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCC-U.CA is up. |
| ChartMill Relative Strength | 87.95 | POSITIVE | BTCC-U.CA has a high relative strength, it outperformed 87.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCC-U.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCC-U.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCC-U.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.38 | NEUTRAL | The RSI value for BTCC-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BTCC-U.CA has a negative trend. |
| Stochastics (14,3) | 56.31 | NEUTRAL | The Stochastics value for BTCC-U.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCC-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for BTCC-U.CA 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)
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 |
|---|---|---|---|
| 19.12 | 18.23 | 0.89 (4.65%) | 21.48% |
| An entry @19.12. This is a Buy Stop order right above the resistance zone. | An exit @18.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.89 points, which is 4.65%. | When investing 21.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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-U (6/13/2025, 7:00:00 PM)
18.81
-0.28 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.47%
1 Week1.02%
2 Weeks0.53%
1 Month1.79%
3 Month23.67%
6 Month2.67%
12 Month58.73%
2 Year235.89%
3 Year435.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%2.37%
ATR Inc-4.08%
Range Today0.26
ADR(20)0.33
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.95
Mansfield2.19
10 Day High19.73
10 Day Low18.21
20 Day High20.06
20 Day Low18.21
52 Week High20.06
52 Week Low9.61
CS1 End18.24
CR1 Start18.91
Volume & EV
DER(3)-0.39%
DER(5)0.15%
Volume7.07K
Volume Incr-4.19%
Vol(5)28.94K
Vol(50)39.40K