T-REX 2X INVERSE BITCOIN DLY (BTCZ) Stock Technical Analysis
NYSEARCA:BTCZ - NYSE Arca - US98148L7468 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to BTCZ. BTCZ'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
98% of all other stocks performed better in the past year than BTCZ.
BTCZ 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.
BTCZ has an average volume of 1614570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BTCZ has a been trading in the 2.62 - 3.06 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.
Although the technical rating is bad, BTCZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.68
6.79
We found 1 important support area.
- Support @2.71 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.98 from a trend line in the daily time frame.
- A resistance zone ranging from 3.05 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.72 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 | DOWN | NEGATIVE | The long term trend for BTCZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTCZ is down. |
| ChartMill Relative Strength | 2.07 | NEGATIVE | BTCZ has a low relative strength, it was outperformed by 97.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTCZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.13 | NEUTRAL | The RSI value for BTCZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BTCZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59 | NEUTRAL | The Stochastics value for BTCZ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for BTCZ suggests high volalility. |
| Average Directional Index/ADX (14) | 15.93 | NEGATIVE | The low ADX value for BTCZ 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)
2.8
-0.12 (-3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.95%
1 Week-2.1%
2 Weeks1.82%
1 Month-8.35%
3 Month-27.27%
6 Month-48.05%
12 Month-85.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.21%
ATR Inc-5.14%
Range Today0.11
ADR(20)0.11
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.07
Mansfield-6.71
10 Day High3.06
10 Day Low2.74
20 Day High3.06
20 Day Low2.62
52 Week High24.03
52 Week Low2.62
CS1 End2.71
CR1 Start2.98
Volume & EV
DER(3)-1.08%
DER(5)0.47%
Volume1.15M
Volume Incr-31.4%
Vol(5)1.04M
Vol(50)1.61M