INVSCO GLXY BTCN ETF (BTCO) Stock Technical Analysis
USA - NYSEARCA:BTCO - US46091J1016 - ETF
Taking everything into account, BTCO scores 0 out of 10 in our technical rating. BTCO'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 technical rating of BTCO 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
96.71
We can see 3 important resistance areas.
- A resistance zone ranging from 105.56 to 106.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 108.80 to 111.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @122.63 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 | NEUTRAL | NEUTRAL | The long term trend for BTCO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTCO is down. |
| ChartMill Relative Strength | 29.72 | NEGATIVE | BTCO has a low relative strength, it was outperformed by 70.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.78 | NEUTRAL | The RSI value for BTCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests BTCO has a negative trend. |
| Stochastics (14,3) | 11.13 | OVERSOLD | The low Stochastics value suggests BTCO may be oversold. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.19 | NEUTRAL | The ADX value for BTCO suggests a possible start of a new trend. |
97.69
-3.52 (-3.48%)
INVSCO GLXY BTCN ETF / BTCO FAQ
Can you provide the ChartMill technical rating for INVSCO GLXY BTCN ETF?
ChartMill assigns a technical rating of 0 / 10 to BTCO.
What is the trend direction for BTCO stock?
The current trend direction for INVSCO GLXY BTCN ETF (BTCO) is Bearish.
What is the RSI signal for BTCO stock?
INVSCO GLXY BTCN ETF (BTCO) has an RSI value of 36.7802. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVSCO GLXY BTCN ETF?
The short term momentum for INVSCO GLXY BTCN ETF (BTCO) is negative.
What is the support and resistance level for BTCO stock?
INVSCO GLXY BTCN ETF (BTCO) has a resistance level at 105.56. Check the full technical report for our detailed analysis of BTCO support and resistance levels.