PURPOSE BITCOIN ETF (BTCC.CA) Stock Technical Analysis
TSX:BTCC - Toronto Stock Exchange - CA74642C1023 - ETF - Currency: CAD
We assign a technical rating of 10 out of 10 to BTCC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTCC is showing a nice and steady performance.
BTCC has an excellent technical rating and 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 very little resistance above the current price. There is a support zone below the current price at 20.50, a Stop Loss order could be placed below this zone.
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15.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.27 to 20.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.65 to 18.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.87 from a trend line in the weekly time frame.
- Support @15.84 from a trend 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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCC.CA is up. |
| ChartMill Relative Strength | 88.22 | POSITIVE | BTCC.CA has a high relative strength, it outperformed 88.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.96 | NEUTRAL | The RSI value for BTCC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BTCC.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.89 | NEUTRAL | The Stochastics value for BTCC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for BTCC.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.28 | 19.60 | 2.68 (12.03%) | 8.31% |
| An entry @22.28. This is a Buy Stop order right above the 10 day high. | An exit @19.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.68 points, which is 12.03%. | For a 1.00% total portfolio risk, you can invest 8.31% 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 (7/18/2025, 7:00:00 PM)
21.41
-0.28 (-1.29%)