NEOS BITCOIN HIGH INCOME ETF (BTCI) Stock Technical Analysis
NYSEARCA:BTCI - NYSE Arca - US78433H6421 - ETF - Currency: USD
Taking everything into account, BTCI scores 6 out of 10 in our technical rating. In the last year, BTCI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BTCI has an average technical rating and also 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.
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47.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 57.59 to 60.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.65 to 61.88. 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 BTCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTCI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 62.64 | NEUTRAL | The RSI value for BTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests BTCI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.61 | NEUTRAL | The Stochastics value for BTCI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.96 | NEGATIVE | The low ADX value for BTCI suggests a weak or negative trend. |
61.64
+0.41 (+0.67%)