PURPOSE BITCOIN YIELD ETF (BTCY.CA) Stock Technical Analysis
TSX:BTCY - Toronto Stock Exchange - CA74642T1057 - ETF - Currency: CAD
Taking everything into account, BTCY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BTCY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BTCY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.39, a Stop Loss order could be placed below this zone.
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6.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.38 to 9.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.51 to 8.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.51 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.51 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.92 from a horizontal 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 | UP | POSITIVE | The long term trend for BTCY.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCY.CA is up. |
| ChartMill Relative Strength | 81.52 | POSITIVE | BTCY.CA has a high relative strength, it outperformed 81.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTCY.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCY.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.92 | NEUTRAL | The RSI value for BTCY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BTCY.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for BTCY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BTCY.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for BTCY.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 9.72 | 9.37 | 0.35 (3.60%) | 25.00% |
| An entry @9.72. This is a Buy Stop order right above the resistance zone. | An exit @9.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 3.60%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:BTCY (8/8/2025, 7:00:00 PM)
9.49
-0.08 (-0.84%)