BTCS INC (BTCS) Stock Technical Analysis
NASDAQ:BTCS - US05581M4042 - Common Stock
4.18 USD
-0.17 (-3.91%)
4.19 USD
+0.01 (+0.24%)
Taking everything into account, BTCS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BTCS has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month BTCS has a been trading in the 3.81 - 5.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
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.
When comparing the yearly performance of all stocks, we notice that BTCS is one of the better performing stocks in the market, outperforming 98% of all stocks.
BTCS is part of the Software industry. There are 282 other stocks in this industry. BTCS outperforms 95% of them.
BTCS has an average volume of 10621500 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.
BTCS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.17, a Stop Loss order could be placed below this zone.
More info and screens
2.71
4.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.17 to 4.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.84 from a trend line in the daily time frame.
- Support @2.74 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.36 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.67 from a trend 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 | 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 | 98.16 | POSITIVE | BTCS has a high relative strength, it outperformed 98.16% 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 | MIXED | The current price of BTCS is below 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) | 46.48 | NEUTRAL | The RSI value for BTCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BTCS has a negative trend. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for BTCS is a neutral value. |
| Average True Range in percent/ATR (20) | 10.37 | HIGH VOLATILITY | The high ATR as a percentage value for BTCS suggests high volalility. |
| Average Directional Index/ADX (14) | 29 | 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)
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 |
|---|---|---|---|
| 4.44 | 4.16 | 0.28 (6.31%) | 15.86% |
| An entry @4.44. This is a Buy Stop order right above the resistance zone. | An exit @4.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 6.31%. | For a 1.00% total portfolio risk, you can invest 15.86% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BTCS. Please evaluate whether better entry and exit points can be found.
- 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.
4.18
-0.17 (-3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.91%
1 Week-13.28%
2 Weeks-5.22%
1 Month2.96%
3 Month54.81%
6 Month96.24%
12 Month257.27%
2 Year298.1%
3 Year153.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%10.37%
ATR Inc-46.19%
Range Today0.29
ADR(20)0.42
ADR(20)%9.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.16
Mansfield4.58
10 Day High4.9
10 Day Low4.13
20 Day High5.39
20 Day Low3.81
52 Week High8.49
52 Week Low0.95
CS1 End4.17
CR1 Start4.36
Volume & EV
DER(3)-4.41%
DER(5)-3.93%
Volume3.29M
Volume Incr-52.91%
Vol(5)2.49M
Vol(50)10.62M