BTCS INC (BTCS) Stock Technical Analysis
NASDAQ:BTCS - Nasdaq - US05581M4042 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BTCS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTCS is showing a nice and steady performance.
In the last month BTCS has a been trading in the 3.81 - 8.49 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, BTCS did better than 98% of all other stocks. We also observe that the gains produced by BTCS over the past year are nicely spread over this period.
BTCS is one of the better performing stocks in the Software industry, it outperforms 97% of 282 stocks in the same industry.
BTCS has an average volume of 9503630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BTCS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTCS is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although BTCS has an excellent technical rating, it 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
2.51
5.05
2 important support areas can be observed.
- Support @2.62 from a trend line in the daily time frame.
- Support @2.54 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for BTCS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTCS is neutral. |
| ChartMill Relative Strength | 98.34 | POSITIVE | BTCS has a high relative strength, it outperformed 98.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCS is below 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) | UP | POSITIVE | The current price of BTCS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for BTCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BTCS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.1 | NEUTRAL | The Stochastics value for BTCS is a neutral value. |
| Average True Range in percent/ATR (20) | 16.48 | HIGH VOLATILITY | The high ATR as a percentage value for BTCS suggests high volalility. |
| Average Directional Index/ADX (14) | 38.14 | POSITIVE | The high ADX value value for BTCS 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)
5
+0.5 (+11.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg11.11%
1 Week23.15%
2 Weeks-1.57%
1 Month10.38%
3 Month60.77%
6 Month85.87%
12 Month284.62%
2 Year376.19%
3 Year203.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%16.48%
ATR Inc-18.98%
Range Today0.65
ADR(20)0.73
ADR(20)%14.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.34
Mansfield8.8
10 Day High5.85
10 Day Low3.81
20 Day High8.49
20 Day Low3.81
52 Week High8.49
52 Week Low0.95
CS1 End2.62
CR1 StartN/A
Volume & EV
DER(3)2.11%
DER(5)-0.2%
Volume9.68M
Volume Incr-76.01%
Vol(5)5.08M
Vol(50)9.50M