T-REX 2X LONG BITCOIN DAILY (BTCL) Technical Analysis
NYSEARCA:BTCL • US98148L7534
Current stock price
BTCL Technical Rating and Analysis
Taking everything into account, BTCL scores 1 out of 10 in our technical rating. BTCL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, BTCL is a bad performer in the overall market: 95% 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 14.26 - 19.06 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BTCL Weekly and Daily overview Charts
BTCL Setup Rating and Analysis
The technical rating of BTCL is bad and it also does not present a quality setup 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
BTCL Support and Resistance Analysis
14.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.40 to 16.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.44 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @18.17 from a horizontal line in the weekly time frame.
- Resistance @18.72 from a horizontal line in the daily time frame.
BTCL 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 BTCL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCL is up. |
| ChartMill Relative Strength | 5.57 | NEGATIVE | BTCL has a low relative strength, it was outperformed by 94.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BTCL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BTCL is above 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) | 57.4 | NEUTRAL | The RSI value for BTCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests BTCL has a positive trend. |
| Stochastics (14,3) | 92.9 | OVERBOUGHT | The high Stochastics value suggests BTCL may be overbought. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for BTCL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for BTCL suggests a weak or negative trend. |
BTCL Chart- and CandleStick Pattern Analysis
BTCL Technicals: Chart, Performance Metrics, Trend & Indicators
18.16
+0.44 (+2.48%)
T-REX 2X LONG BITCOIN DAILY / BTCL TA FAQ
What is the technical rating for BTCL stock?
ChartMill assigns a technical rating of 1 / 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.
What is the RSI signal for BTCL stock?
T-REX 2X LONG BITCOIN DAILY (BTCL) has an RSI value of 57.3991. This indicates that the stock is currently neutral.
Can you provide the MACD signal for T-REX 2X LONG BITCOIN DAILY?
The MACD indicator for T-REX 2X LONG BITCOIN DAILY (BTCL) has a value of 0.420353, indicating a bearish trend.
Can you provide the short term momentum for T-REX 2X LONG BITCOIN DAILY?
The short term momentum for T-REX 2X LONG BITCOIN DAILY (BTCL) is positive.