BTC DIGITAL LTD (BTCT) Stock Technical Analysis
NASDAQ:BTCT - KYG6055H1552 - Common Stock
2.51 USD
-0.05 (-1.95%)
2.51 USD
0 (0%)
Overall BTCT gets a technical rating of 2 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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.
BTCT is one of the better performing stocks in the Software industry, it outperforms 76% of 280 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that BTCT is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month BTCT has a been trading in the 2.35 - 2.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BTCT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for BTCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.42
4.29
We found 1 important support area.
- A support zone ranging from 2.44 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @2.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.58 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.81 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.95 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.04 from a trend line in the daily time frame.
- A resistance zone ranging from 4.19 to 4.25. 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 | DOWN | NEGATIVE | The short term trend for BTCT is down. |
| ChartMill Relative Strength | 84.55 | POSITIVE | BTCT has a high relative strength, it outperformed 84.55% 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) | 40.95 | 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) | 38.37 | NEUTRAL | The Stochastics value for BTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for BTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 8.95 | 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)
2.51
-0.05 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.95%
1 Week-4.2%
2 Weeks-2.71%
1 Month-9.39%
3 Month-23.48%
6 Month-43.6%
12 Month79.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%6.22%
ATR Inc-41.92%
Range Today0.12
ADR(20)0.15
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.55
Mansfield-4.92
10 Day High2.74
10 Day Low2.43
20 Day High2.88
20 Day Low2.35
52 Week High26.58
52 Week Low1.32
CS1 End2.44
CR1 Start2.51
Volume & EV
DER(3)-1.26%
DER(5)3.45%
Volume97.10K
Volume Incr-56.21%
Vol(5)109.80K
Vol(50)857.40K