We assign a technical rating of 8 out of 10 to BTCZ. In the last year, BTCZ was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BTCZ has a been trading in the 3.30 - 4.62 range, which is quite wide. It is currently trading near the high of this range.
- BTCZ has an average volume of 18615700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BTCZ did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- BTCZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTCZ is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BTCZ has an excellent technical rating, it does not offer a high 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
3.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.84 to 3.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.48 from a trend line in the daily time frame.
- Support @3.38 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.78 to 4.78. 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 | NEUTRAL | NEUTRAL | The long term trend for BTCZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCZ is up. |
| ChartMill Relative Strength | 82.37 | POSITIVE | BTCZ has a high relative strength, it outperformed 82.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BTCZ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.71 | NEUTRAL | The RSI value for BTCZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BTCZ has a positive trend. |
| Stochastics (14,3) | 85.32 | OVERBOUGHT | The high Stochastics value suggests BTCZ may be overbought. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for BTCZ suggests high volalility. |
| Average Directional Index/ADX (14) | 13.32 | NEGATIVE | The low ADX value for BTCZ suggests a weak or negative trend. |
4.41
+0.03 (+0.68%)
T-REX 2X INVERSE BITCOIN DLY / BTCZ FAQ
What is the ChartMill technical rating of T-REX 2X INVERSE BITCOIN DLY (BTCZ) stock?
ChartMill assigns a technical rating of 8 / 10 to BTCZ.
What is the current trend direction of T-REX 2X INVERSE BITCOIN DLY (BTCZ) stock?
The current trend direction for T-REX 2X INVERSE BITCOIN DLY (BTCZ) is Bearish.
What is the RSI signal for BTCZ stock?
T-REX 2X INVERSE BITCOIN DLY (BTCZ) has an RSI value of 61.7134. This indicates that the stock is currently neutral.
Can you provide the short term momentum for T-REX 2X INVERSE BITCOIN DLY?
The short term momentum for T-REX 2X INVERSE BITCOIN DLY (BTCZ) is positive.