3IQ BITCOIN ETF (BTCQ-U.CA) Stock Technical Analysis
TSX:BTCQ-U - Toronto Stock Exchange - CA88561M1077 - ETF - Currency: USD
Overall BTCQ-U gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTCQ-U is showing a nice and steady performance.
Warning: BTCQ-U has an average volume of 2537 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BTCQ-U is one of the better performing stocks in the market, outperforming 89% of all stocks.
BTCQ-U is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BTCQ-U is leading the market.
BTCQ-U is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BTCQ-U has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.58
17.78
We found 5 important support areas.
- A support zone ranging from 16.45 to 16.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.56 from a trend line in the weekly time frame.
- Support @12.96 from a trend line in the daily time frame.
- Support @12.30 from a horizontal line in the daily time frame.
- Support @11.70 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @17.14 from a trend line in the daily time frame.
- A resistance zone ranging from 17.60 to 17.60. 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 BTCQ-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCQ-U.CA is up. |
| ChartMill Relative Strength | 89.26 | POSITIVE | BTCQ-U.CA has a high relative strength, it outperformed 89.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCQ-U.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCQ-U.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCQ-U.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.27 | NEUTRAL | The RSI value for BTCQ-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BTCQ-U.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.15 | OVERBOUGHT | The high Stochastics value suggests BTCQ-U.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCQ-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for BTCQ-U.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.15 | 16.44 | 0.71 (4.14%) | 24.15% |
| An entry @17.15. This is a Buy Stop order right above the resistance zone. | An exit @16.44. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.71 points, which is 4.14%. | For a 1.00% total portfolio risk, you can invest 24.15% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:BTCQ-U (6/11/2025, 7:00:00 PM)
17.11
-0.1 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.58%
1 Week3.89%
2 Weeks-2.78%
1 Month36.23%
3 Month27.69%
6 Month17.68%
12 Month66.6%
2 Year241.52%
3 Year436.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.53%
ATR Inc-55.06%
Range Today0.2
ADR(20)0.07
ADR(20)%0.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.26
Mansfield2.72
10 Day High17.42
10 Day Low16.45
20 Day High17.6
20 Day Low13.38
52 Week High17.6
52 Week Low8.56
CS1 End16.45
CR1 Start17.14
Volume & EV
DER(3)0%
DER(5)0%
Volume1.20K
Volume Incr-45.09%
Vol(5)1.81K
Vol(50)2.54K