NEOS BITCOIN HIGH INCOME ETF (BTCI) Stock Technical Analysis
NYSEARCA:BTCI - NYSE Arca - US78433H6421 - ETF - Currency: USD
Overall BTCI gets a technical rating of 6 out of 10. BTCI 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, BTCI is a bad performer in the overall market: 100% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month BTCI has a been trading in the 57.67 - 62.00 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.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, BTCI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 59.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
47.57
62.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 58.89 to 59.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 56.45 to 57.86. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 59.73 to 60.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.49 to 61.88. This zone is formed by a combination of multiple trend lines 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 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 | MIXED | The current price of BTCI is below 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) | 52.11 | NEUTRAL | The RSI value for BTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BTCI has a negative trend. |
| Stochastics (14,3) | 64.05 | NEUTRAL | The Stochastics value for BTCI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for BTCI 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 |
|---|---|---|---|
| 60.45 | 58.88 | 1.57 (2.60%) | 25.00% |
| An entry @60.45. This is a Buy Stop order right above the resistance zone. | An exit @58.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.57 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BTCI. Please evaluate whether better entry and exit points can be found.
- 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.
59.59
-0.83 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.37%
1 Week1.17%
2 Weeks0.76%
1 Month0.02%
3 Month14.6%
6 Month-9.41%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%2.11%
ATR Inc-0.03%
Range Today0.95
ADR(20)1.01
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High62
10 Day Low57.67
20 Day High62
20 Day Low57.67
52 Week HighN/A
52 Week LowN/A
CS1 End59.56
CR1 Start59.73
Volume & EV
DER(3)-3.97%
DER(5)-2.72%
Volume296.90K
Volume Incr24.24%
Vol(5)205.72K
Vol(50)138.76K