CI GALAXY BITCOIN ETF (BTCX-B.CA) Stock Technical Analysis
TSX:BTCX-B - Toronto Stock Exchange - CA12563N2023 - ETF - Currency: CAD
Taking everything into account, BTCX-B scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTCX-B is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
BTCX-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that BTCX-B is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month BTCX-B has a been trading in the 20.39 - 22.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTCX-B has an excellent technical rating, but the quality of the setup is only medium 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
14.70
22.87
We found 5 important support areas.
- A support zone ranging from 20.79 to 21.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.32 to 20.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.98 from a trend line in the weekly time frame.
- Support @17.63 from a trend line in the daily time frame.
- Support @14.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.30 to 22.64. 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 | UP | POSITIVE | The long term trend for BTCX-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCX-B.CA is up. |
| ChartMill Relative Strength | 88.64 | POSITIVE | BTCX-B.CA has a high relative strength, it outperformed 88.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCX-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCX-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCX-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.99 | NEUTRAL | The RSI value for BTCX-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BTCX-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.66 | NEUTRAL | The Stochastics value for BTCX-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCX-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for BTCX-B.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 22.65 | 20.78 | 1.87 (8.26%) | 12.11% |
| An entry @22.65. This is a Buy Stop order right above the resistance zone. | An exit @20.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.87 points, which is 8.26%. | When investing 12.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:BTCX-B (6/11/2025, 7:00:00 PM)
21.82
-0.01 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week2.71%
2 Weeks-1.43%
1 Month5.12%
3 Month23%
6 Month3.05%
12 Month65.64%
2 Year266.33%
3 Year507.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%2.5%
ATR Inc13.56%
Range Today0.39
ADR(20)0.42
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.64
Mansfield2.36
10 Day High22.18
10 Day Low20.39
20 Day High22.82
20 Day Low20.39
52 Week High22.82
52 Week Low10.63
CS1 End21.55
CR1 Start22.3
Volume & EV
DER(3)-0.55%
DER(5)-1.41%
Volume169.05K
Volume Incr-9.26%
Vol(5)217.66K
Vol(50)293.04K