Taking everything into account, BTCT scores 0 out of 10 in our technical rating. BTCT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than BTCT.
- BTCT is part of the Software industry. There are 278 other stocks in this industry, of which 81% are performing better than BTCT.
- BTCT 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 BTCT has a been trading in the 1.07 - 1.78 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 technical rating of BTCT 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
1.24
We can see 2 important resistance areas.
- Resistance @1.38 from a trend line in the daily time frame.
- Resistance @1.42 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 | DOWN | NEGATIVE | The long term trend for BTCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTCT is down. |
| ChartMill Relative Strength | 4.03 | NEGATIVE | BTCT has a low relative strength, it was outperformed by 95.97% 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) | DOWN | NEGATIVE | The current price of BTCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.57 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 16.79 | OVERSOLD | The low Stochastics value suggests BTCT may be oversold. |
| Average True Range in percent/ATR (20) | 8.78 | HIGH VOLATILITY | The high ATR as a percentage value for BTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.92 | POSITIVE | The high ADX value value for BTCT suggests a strong trend. |
1.25
+0.17 (+15.74%)
BTC DIGITAL LTD / BTCT FAQ
What is the technical rating for BTCT stock?
ChartMill assigns a technical rating of 0 / 10 to BTCT.
What is the trend direction for BTCT stock?
The current trend direction for BTC DIGITAL LTD (BTCT) is Bearish.
Can you provide the RSI signal for BTC DIGITAL LTD?
BTC DIGITAL LTD (BTCT) has an RSI value of 37.5683. This indicates that the stock is currently neutral.
What is the MACD signal for BTCT stock?
The MACD indicator for BTC DIGITAL LTD (BTCT) has a value of -0.0270954, indicating a bearish trend.
Can you provide the buy/sell signal for BTC DIGITAL LTD?
The buy/sell signal for BTC DIGITAL LTD (BTCT) is sell as both the short term and long term trends are negative.