BTCS INC (BTCS) Technical Analysis
NASDAQ:BTCS • US05581M4042
Current stock price
BTCS Technical Rating and Analysis
Taking everything into account, BTCS scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BTCS was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, BTCS is a bad performer in the overall market: 83% of all stocks are doing better.
- BTCS 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 BTCS has a been trading in the 1.25 - 2.05 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- 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.
- BTCS is part of the Software industry. There are 272 other stocks in this industry, BTCS did better than 57% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BTCS Weekly and Daily overview Charts
BTCS Setup Rating and Analysis
BTCS has an average technical rating and it also does not offer a high 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
BTCS Support and Resistance Analysis
1.31
We found 1 important support area.
- Support @1.32 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.95 from a trend line in the daily time frame.
- A resistance zone ranging from 2.01 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
BTCS 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 BTCS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCS is up. |
| ChartMill Relative Strength | 17.63 | NEGATIVE | BTCS has a low relative strength, it was outperformed by 82.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.07 | NEUTRAL | The RSI value for BTCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BTCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.05 | NEUTRAL | The Stochastics value for BTCS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for BTCS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.47 | NEUTRAL | The ADX value for BTCS suggests a possible start of a new trend. |
BTCS Chart- and CandleStick Pattern Analysis
BTCS Technicals: Chart, Performance Metrics, Trend & Indicators
1.94
+0.14 (+7.78%)
BTCS INC / BTCS TA FAQ
Can you provide the ChartMill technical rating for BTCS INC?
ChartMill assigns a technical rating of 4 / 10 to BTCS.
What is the current trend direction of BTCS INC (BTCS) stock?
The current trend direction for BTCS INC (BTCS) is Bearish.
Can you provide the RSI signal for BTCS INC?
BTCS INC (BTCS) has an RSI value of 61.0681. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BTCS INC?
The buy/sell signal for BTCS INC (BTCS) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BTCS stock?
BTCS INC (BTCS) has a support level at 1.32 and a resistance level at 1.95. Check the full technical report for our detailed analysis of BTCS support and resistance levels.