T-REX 2X LONG BITCOIN DAILY (BTCL) Stock Technical Analysis
NYSEARCA:BTCL • US98148L7534
Taking everything into account, BTCL scores 0 out of 10 in our technical rating. BTCL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BTCL is a bad performer in the overall market: 97% of all stocks are doing better.
- BTCL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BTCL has a been trading in the 13.69 - 30.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
BTCL has a poor technical rating and the quality of the setup is also 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.
More info and screens
15.10
We can see 3 important resistance areas.
- Resistance @24.03 from a trend line in the weekly time frame.
- Resistance @25.39 from a trend line in the daily time frame.
- A resistance zone ranging from 27.33 to 27.57. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for BTCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTCL is down. |
| ChartMill Relative Strength | 3.52 | NEGATIVE | BTCL has a low relative strength, it was outperformed by 96.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.81 | OVERSOLD | The low RSI value suggests BTCL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests BTCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.83 | OVERSOLD | The low Stochastics value suggests BTCL may be oversold. |
| Average True Range in percent/ATR (20) | 14.19 | HIGH VOLATILITY | The high ATR as a percentage value for BTCL suggests high volalility. |
| Average Directional Index/ADX (14) | 41.46 | POSITIVE | The high ADX value value for BTCL suggests a strong trend. |
15.25
-0.77 (-4.81%)
T-REX 2X LONG BITCOIN DAILY / BTCL FAQ
What is the technical rating for BTCL stock?
ChartMill assigns a technical rating of 0 / 10 to BTCL.
What is the current trend direction of T-REX 2X LONG BITCOIN DAILY (BTCL) stock?
The current trend direction for T-REX 2X LONG BITCOIN DAILY (BTCL) is Bearish.
Can you provide the RSI signal for T-REX 2X LONG BITCOIN DAILY?
T-REX 2X LONG BITCOIN DAILY (BTCL) has an RSI value of 29.8133. This indicates that the stock is currently oversold.
What is the short term momentum for BTCL stock?
The short term momentum for T-REX 2X LONG BITCOIN DAILY (BTCL) is negative.
Can you provide the buy/sell signal for T-REX 2X LONG BITCOIN DAILY?
The buy/sell signal for T-REX 2X LONG BITCOIN DAILY (BTCL) is sell as both the short term and long term trends are negative.