NEOS BITCOIN HIGH INCOME ETF (BTCI) Technical Analysis
NYSEARCA:BTCI • US78433H6421
Current stock price
BTCI Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to BTCI. Recently some decent action could be observed, but in the medium term time frame this is still negative. BTCI was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, BTCI is a bad performer in the overall market: 89% of all stocks are doing better.
- BTCI 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.
- BTCI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
BTCI Weekly and Daily overview Charts
BTCI Setup Rating and Analysis
Although the technical rating is bad, BTCI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
BTCI Support and Resistance Analysis
31.34
We found 2 important support areas.
- A support zone ranging from 34.99 to 35.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.66 to 32.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 36.01 to 36.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.39 from a trend line in the weekly time frame.
- Resistance @65.78 from a horizontal line in the weekly time frame.
BTCI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for BTCI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCI is up. |
| ChartMill Relative Strength | 11.42 | NEGATIVE | BTCI has a low relative strength, it was outperformed by 88.58% 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). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.61 | NEUTRAL | The RSI value for BTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BTCI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.31 | NEUTRAL | The Stochastics value for BTCI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.98 | NEGATIVE | The low ADX value for BTCI suggests a weak or negative trend. |
BTCI Chart- and CandleStick Pattern Analysis
BTCI Technicals: Chart, Performance Metrics, Trend & Indicators
35.61
-0.18 (-0.5%)
NEOS BITCOIN HIGH INCOME ETF / BTCI TA FAQ
What is the ChartMill technical rating of NEOS BITCOIN HIGH INCOME ETF (BTCI) stock?
ChartMill assigns a technical rating of 3 / 10 to BTCI.
What is the current trend direction of NEOS BITCOIN HIGH INCOME ETF (BTCI) stock?
The current trend direction for NEOS BITCOIN HIGH INCOME ETF (BTCI) is Bearish.
What is the RSI signal for BTCI stock?
NEOS BITCOIN HIGH INCOME ETF (BTCI) has an RSI value of 54.6099. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEOS BITCOIN HIGH INCOME ETF?
The short term momentum for NEOS BITCOIN HIGH INCOME ETF (BTCI) is positive.
Can you provide the buy/sell signal for NEOS BITCOIN HIGH INCOME ETF?
The buy/sell signal for NEOS BITCOIN HIGH INCOME ETF (BTCI) is hold as the short term and long term trends are mixed.