PURPOSE CORE BITCOIN ETF (BTCO-U.CA) Stock Technical Analysis
Canada - TSX:BTCO-U - CA74641X3058 - ETF
Overall BTCO-U gets a technical rating of 4 out of 10. In the last year, BTCO-U 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-U has an average technical rating and the quality of the presented setup is also not ideal 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
21.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.09 to 22.42. 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 21.43 to 21.65. 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-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCO-U.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BTCO-U.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCO-U.CA is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 56.72 | NEUTRAL | The RSI value for BTCO-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests BTCO-U.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.26 | NEUTRAL | The Stochastics value for BTCO-U.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCO-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for BTCO-U.CA suggests a weak or negative trend. |
TSX:BTCO-U (10/10/2025, 7:00:00 PM)
22.99
-0.88 (-3.69%)