BITCOIN DEPOT INC (BTM) Stock Technical Analysis
USA - NASDAQ:BTM - US09174P1057 - Common Stock
Overall BTM gets a technical rating of 2 out of 10. Although BTM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BTM has a poor technical rating and the quality of the setup is also not perfect 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
2.59
We found 1 important support area.
- A support zone ranging from 2.62 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.87 to 2.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.98 from a trend line in the daily time frame.
- Resistance @4.17 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 BTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTM is down. |
| ChartMill Relative Strength | 82.09 | POSITIVE | BTM has a high relative strength, it outperformed 82.09% 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) | UP | MIXED | The current price of BTM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.65 | NEUTRAL | The RSI value for BTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BTM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.6 | NEUTRAL | The Stochastics value for BTM is a neutral value. |
| Average True Range in percent/ATR (20) | 11.84 | HIGH VOLATILITY | The high ATR as a percentage value for BTM suggests high volalility. |
| Average Directional Index/ADX (14) | 14.48 | NEGATIVE | The low ADX value for BTM suggests a weak or negative trend. |
2.81
-0.05 (-1.75%)
BITCOIN DEPOT INC / BTM FAQ
Can you provide the ChartMill technical rating for BITCOIN DEPOT INC?
ChartMill assigns a technical rating of 2 / 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 38.6485. This indicates that the stock is currently neutral.
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 2.65 and a resistance level at 2.87. Check the full technical report for our detailed analysis of BTM support and resistance levels.