PURPOSE CORE BITCOIN ETF (BTCO-B.CA) Stock Technical Analysis
TSX:BTCO-B - Toronto Stock Exchange - CA74641X2068 - ETF - Currency: CAD
Overall BTCO-B gets a technical rating of 4 out of 10. In the last year, BTCO-B was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BTCO-B has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.60. Right above this resistance zone may be a good entry point.
More info and screens
21.38
We found 1 important support area.
- A support zone ranging from 21.60 to 21.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.60 to 22.67. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BTCO-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCO-B.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTCO-B.CA 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 BTCO-B.CA is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 57.63 | NEUTRAL | The RSI value for BTCO-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests BTCO-B.CA has a negative trend. |
| Stochastics (14,3) | 47.72 | NEUTRAL | The Stochastics value for BTCO-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCO-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.23 | POSITIVE | The high ADX value value for BTCO-B.CA suggests a strong trend. |
TSX:BTCO-B (8/5/2025, 7:00:00 PM)
21.61
-0.7 (-3.14%)