Taking everything into account, BTM scores 0 out of 10 in our technical rating. BTM'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 technical rating of BTM is bad and it also does not present a 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.
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1.36
When analyzing the support we notice one important area.
- A support zone ranging from 1.37 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.52 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for BTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTM is down. |
| ChartMill Relative Strength | 6.97 | NEGATIVE | BTM has a low relative strength, it was outperformed by 93.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.61 | OVERSOLD | The low RSI value suggests BTM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BTM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.81 | OVERSOLD | The low Stochastics value suggests BTM may be oversold. |
| Average True Range in percent/ATR (20) | 12.5 | HIGH VOLATILITY | The high ATR as a percentage value for BTM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.56 | POSITIVE | The high ADX value value for BTM suggests a strong trend. |
1.44
+0.03 (+2.13%)
BITCOIN DEPOT INC / BTM FAQ
Can you provide the ChartMill technical rating for BITCOIN DEPOT INC?
ChartMill assigns a technical rating of 0 / 10 to BTM.
Can you provide the trend direction for BITCOIN DEPOT INC?
The current trend direction for BITCOIN DEPOT INC (BTM) is Bearish.
What is the RSI signal for BTM stock?
BITCOIN DEPOT INC (BTM) has an RSI value of 25.608. This indicates that the stock is currently oversold.
What is the short term momentum for BTM stock?
The short term momentum for BITCOIN DEPOT INC (BTM) is negative.
Can you provide the support and resistance levels for BITCOIN DEPOT INC?
BITCOIN DEPOT INC (BTM) has a support level at 1.43 and a resistance level at 1.52. Check the full technical report for our detailed analysis of BTM support and resistance levels.