T-REX 2X LONG BITCOIN DAILY (BTCL) Stock Technical Analysis
NYSEARCA:BTCL - NYSE Arca - US98148L7534 - ETF - Currency: USD
Overall BTCL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BTCL 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.
Looking at the yearly performance, BTCL did better than 97% of all other stocks. On top of that, BTCL also shows a nice and consistent pattern of rising prices.
BTCL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BTCL is lagging the market slightly.
In the last month BTCL has a been trading in the 46.25 - 64.09 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BTCL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
28.33
64.62
We found 5 important support areas.
- A support zone ranging from 53.89 to 54.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.76 to 52.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.84 from a horizontal line in the daily time frame.
- Support @40.84 from a trend line in the weekly time frame.
- Support @28.62 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 | UP | POSITIVE | The long term trend for BTCL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCL is up. |
| ChartMill Relative Strength | 97.49 | POSITIVE | BTCL has a high relative strength, it outperformed 97.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.41 | NEUTRAL | The RSI value for BTCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests BTCL has a positive trend. |
| Stochastics (14,3) | 98.13 | OVERBOUGHT | The high Stochastics value suggests BTCL may be overbought. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for BTCL 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)
63.98
+4.79 (+8.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.09%
1 Week16.14%
2 Weeks19.05%
1 Month15.34%
3 Month85.99%
6 Month28.47%
12 Month157.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%4.32%
ATR Inc79.79%
Range Today1.69
ADR(20)2
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.49
Mansfield4.06
10 Day High64.09
10 Day Low51.23
20 Day High64.09
20 Day Low46.25
52 Week High69.81
52 Week Low16.67
CS1 End54.23
CR1 StartN/A
Volume & EV
DER(3)-1.33%
DER(5)-2.67%
Volume155.90K
Volume Incr26.33%
Vol(5)95.54K
Vol(50)94.54K