BTC DIGITAL LTD (BTCT) Stock Technical Analysis
NASDAQ:BTCT • KYG6055H1552
We assign a technical rating of 0 out of 10 to BTCT. BTCT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BTCT is a bad performer in the overall market: 96% of all stocks are doing better.
- BTCT is part of the Software industry. There are 276 other stocks in this industry, of which 78% 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 - 1.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTCT has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
1.20
When analyzing the support we notice one important area.
- Support @1.21 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.26 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.33 from a horizontal line in the daily time frame.
- Resistance @1.36 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 | 4.9 | NEGATIVE | BTCT has a low relative strength, it was outperformed by 95.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BTCT is above 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) | 45.67 | NEUTRAL | The RSI value for BTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BTCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.67 | NEUTRAL | The Stochastics value for BTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.44 | HIGH VOLATILITY | The high ATR as a percentage value for BTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.97 | NEUTRAL | The ADX value for BTCT suggests a possible start of a new trend. |
1.26
+0.02 (+1.61%)
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 45.6712. 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 0.024033, 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.