BTCS INC (BTCS) Technical Analysis
NASDAQ:BTCS • US05581M4042
Current stock price
BTCS Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BTCS. BTCS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 86% of all other stocks performed better in the past year than BTCS.
- BTCS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BTCS is lagging the market.
- BTCS is an average performer in the Software industry, it outperforms 52% of 275 stocks in the same industry.
- In the last month BTCS has a been trading in the 1.25 - 1.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTCS Weekly and Daily overview Charts
BTCS Setup Rating and Analysis
The technical rating of BTCS 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
BTCS Support and Resistance Analysis
1.28
When analyzing the support we notice one important area.
- A support zone ranging from 1.29 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.74 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for BTCS is down. |
| ChartMill Relative Strength | 14.15 | NEGATIVE | BTCS has a low relative strength, it was outperformed by 85.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCS is below a declining 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) | 44.33 | NEUTRAL | The RSI value for BTCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BTCS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.66 | NEUTRAL | The Stochastics value for BTCS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.59 | HIGH VOLATILITY | The high ATR as a percentage value for BTCS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.4 | 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
1.51
+0.12 (+8.63%)
BTCS INC / BTCS TA FAQ
Can you provide the ChartMill technical rating for BTCS INC?
ChartMill assigns a technical rating of 0 / 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 44.3283. 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 sell as both the short term and long term trends are negative.
What is the support and resistance level for BTCS stock?
BTCS INC (BTCS) has a support level at 1.31 and a resistance level at 1.74. Check the full technical report for our detailed analysis of BTCS support and resistance levels.