COINSHARES BITCOIN AND ETHER (BTF) Stock Technical Analysis
NASDAQ:BTF - Nasdaq - US91917A1088 - ETF - Currency: USD
Taking everything into account, BTF scores 8 out of 10 in our technical rating. Although BTF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month BTF has a been trading in the 12.68 - 17.21 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BTF is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BTF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTF is lagging the market.
Volume is considerably higher in the last couple of days.
BTF 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
13.76
16.65
When analyzing the support we notice one important area.
- A support zone ranging from 13.90 to 13.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @16.49 from a horizontal line in the weekly 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 BTF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTF is up. |
| ChartMill Relative Strength | 78.78 | POSITIVE | BTF has a high relative strength, it outperformed 78.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.03 | NEUTRAL | The RSI value for BTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BTF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.53 | OVERBOUGHT | The high Stochastics value suggests BTF may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for BTF suggests some volalility. |
| Average Directional Index/ADX (14) | 31.54 | POSITIVE | The high ADX value value for BTF suggests a strong 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)
16.4834
-0.41 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.41%
1 Week0.95%
2 Weeks9.52%
1 Month27.28%
3 Month55.5%
6 Month8.44%
12 Month-14.95%
2 Year49.99%
3 Year78.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%3.02%
ATR Inc-1.52%
Range Today0.31
ADR(20)0.37
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.78
Mansfield-0.02
10 Day High17.21
10 Day Low14.82
20 Day High17.21
20 Day Low12.68
52 Week High26.25
52 Week Low8.53
CS1 End13.92
CR1 Start16.49
Volume & EV
DER(3)0%
DER(5)-0.79%
Volume67.40K
Volume Incr39.11%
Vol(5)55.38K
Vol(50)34.51K