COINSHARES BITCOIN AND ETHER (BTF) Technical Analysis
NASDAQ:BTF • US91917A7028
Overall BTF gets a technical rating of 0 out of 10. BTF'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BTF is a bad performer in the overall market: 98% of all stocks are doing better.
- BTF 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.
- In the last month BTF has a been trading in the 17.34 - 20.87 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
The technical rating of BTF is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.47
When analyzing the support we notice one important area.
- A support zone ranging from 17.65 to 17.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @36.23 from a trend line in the daily time frame.
- Resistance @38.04 from a trend 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 BTF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTF is down. |
| ChartMill Relative Strength | 2.44 | NEGATIVE | BTF has a low relative strength, it was outperformed by 97.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BTF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.38 | NEUTRAL | The RSI value for BTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests BTF has a positive trend. |
| Stochastics (14,3) | 81.16 | OVERBOUGHT | The high Stochastics value suggests BTF may be overbought. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for BTF suggests high volalility. |
| Average Directional Index/ADX (14) | 47.49 | POSITIVE | The high ADX value value for BTF suggests a strong trend. |
BTF Technicals: Chart, Performance Metrics, Trend & Indicators
20.26
+1.5 (+7.98%)
COINSHARES BITCOIN AND ETHER / BTF FAQ
What is the ChartMill technical rating of COINSHARES BITCOIN AND ETHER (BTF) stock?
ChartMill assigns a technical rating of 0 / 10 to BTF.
What is the trend direction for BTF stock?
The current trend direction for COINSHARES BITCOIN AND ETHER (BTF) is Bearish.
What is the RSI signal for BTF stock?
COINSHARES BITCOIN AND ETHER (BTF) has an RSI value of 45.3757. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COINSHARES BITCOIN AND ETHER?
The buy/sell signal for COINSHARES BITCOIN AND ETHER (BTF) is sell as both the short term and long term trends are negative.
What is the support and resistance level for BTF stock?
COINSHARES BITCOIN AND ETHER (BTF) has a support level at 17.66 and a resistance level at 36.23. Check the full technical report for our detailed analysis of BTF support and resistance levels.