PURPOSE BITCOIN ETF (BTCC.CA) Stock Technical Analysis
TSX:BTCC - Toronto Stock Exchange - CA74642C1023 - ETF - Currency: CAD
Taking everything into account, BTCC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BTCC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
BTCC 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 is performing more or less in line with the market.
When comparing the yearly performance of all stocks, we notice that BTCC is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month BTCC has a been trading in the 18.45 - 20.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTCC has an excellent technical rating, but the quality of the setup is only medium 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
13.59
20.11
We found 5 important support areas.
- Support @18.65 from a horizontal line in the daily time frame.
- Support @16.82 from a trend line in the weekly time frame.
- Support @15.28 from a trend line in the daily time frame.
- Support @14.75 from a trend line in the daily time frame.
- Support @13.73 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.91 to 19.91. 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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCC.CA is up. |
| ChartMill Relative Strength | 85.58 | POSITIVE | BTCC.CA has a high relative strength, it outperformed 85.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCC.CA is below 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) | 53.58 | NEUTRAL | The RSI value for BTCC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BTCC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.2 | NEUTRAL | The Stochastics value for BTCC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for BTCC.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 (6/6/2025, 7:00:00 PM)
19.06
+0.41 (+2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.2%
1 Week-0.37%
2 Weeks-4.27%
1 Month2.75%
3 Month18.68%
6 Month0.79%
12 Month46.5%
2 Year224.15%
3 Year408.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%2.57%
ATR Inc56.12%
Range Today0.27
ADR(20)0.4
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.58
Mansfield2.02
10 Day High20.25
10 Day Low18.6
20 Day High20.49
20 Day Low18.45
52 Week High20.49
52 Week Low9.95
CS1 End18.65
CR1 Start19.91
Volume & EV
DER(3)-3%
DER(5)0%
Volume708.98K
Volume Incr20.41%
Vol(5)517.72K
Vol(50)506.48K