BTC DIGITAL LTD (BTCT) Stock Technical Analysis
NASDAQ:BTCT - Nasdaq - KYG6055H1552 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BTCT. Although BTCT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
BTCT 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 BTCT is lagging the market.
In the last month BTCT has a been trading in the 3.56 - 4.74 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
BTCT is one of the better performing stocks in the Software industry, it outperforms 79% of 282 stocks in the same industry.
Looking at the yearly performance, BTCT did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BTCT has a bad technical rating, but it does show 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 3.73, a Stop Loss order could be placed below this zone.
More info and screens
3.37
4.32
2 important support areas can be observed.
- Support @3.65 from a trend line in the daily time frame.
- Support @3.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @3.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.95 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.16 to 4.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.26 to 4.28. 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 | DOWN | NEGATIVE | The long term trend for BTCT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTCT is neutral. |
| ChartMill Relative Strength | 91.41 | POSITIVE | BTCT has a high relative strength, it outperformed 91.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BTCT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.78 | NEUTRAL | The RSI value for BTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTCT has a negative trend. |
| Stochastics (14,3) | 26.02 | NEUTRAL | The Stochastics value for BTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.87 | HIGH VOLATILITY | The high ATR as a percentage value for BTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.85 | NEGATIVE | The low ADX value for BTCT suggests a weak or negative 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)
NASDAQ:BTCT (5/28/2025, 1:33:09 PM)
3.66
-0.08 (-2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.14%
1 Week-8.33%
2 Weeks-12.41%
1 Month-8.33%
3 Month-6.5%
6 Month-76.45%
12 Month64.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%9.87%
ATR Inc-12.89%
Range Today0.18
ADR(20)0.34
ADR(20)%9.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.41
Mansfield-1.4
10 Day High4.38
10 Day Low3.71
20 Day High4.74
20 Day Low3.56
52 Week High26.58
52 Week Low1.32
CS1 End3.73
CR1 Start3.95
Volume & EV
DER(3)-2.86%
DER(5)-2.04%
Volume147.92K
Volume Incr6.27%
Vol(5)424.56K
Vol(50)257.81K