(BTCH.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:BTCH -
Taking everything into account, BTCH scores 6 out of 10 in our technical rating. BTCH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, BTCH is a bad performer in the overall market: 91% of all stocks are doing better.
- BTCH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: BTCH has an average volume of 16996 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BTCH has a been trading in the 0.91 - 1.24 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
BTCH has an average technical rating and it also does not offer a high quality setup 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
1.05
When analyzing the support we can see 2 important areas.
- Support @1.12 from a horizontal line in the daily time frame.
- A support zone ranging from 1.06 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.22 from a horizontal line in the weekly time frame.
- Resistance @1.25 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 | NEUTRAL | NEUTRAL | The long term trend for BTCH.DE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCH.DE is up. |
| ChartMill Relative Strength | 9.23 | NEGATIVE | BTCH.DE has a low relative strength, it was outperformed by 90.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCH.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCH.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCH.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.57 | NEUTRAL | The RSI value for BTCH.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BTCH.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.15 | OVERBOUGHT | The high Stochastics value suggests BTCH.DE may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCH.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for BTCH.DE suggests a possible start of a new trend. |
/ BTCH.DE FAQ
What is the ChartMill technical rating of (BTCH.DE) stock?
ChartMill assigns a technical rating of 6 / 10 to BTCH.DE.
Can you provide the trend direction for ?
The current trend direction for (BTCH.DE) is Bearish.
What is the RSI signal for (BTCH.DE) stock?
(BTCH.DE) has an RSI value of 64.5746. This indicates that the stock is currently neutral.
What is the MACD signal for (BTCH.DE) stock?
The MACD indicator for (BTCH.DE) has a value of 0.0152413, indicating a bearish trend.
What is the support and resistance level for BTCH stock?
(BTCH.DE) has a support level at 1.12 and a resistance level at 1.22. Check the full technical report for our detailed analysis of BTCH.DE support and resistance levels.