BITCOIN DEPOT INC (BTM) Technical Analysis
NASDAQ:BTM • US09174P1057
Current stock price
BTM Technical Rating and Analysis
Taking everything into account, BTM scores 0 out of 10 in our technical rating. BTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than BTM.
- BTM is one of the lesser performing stocks in the Commercial Services & Supplies industry. 81% of 82 stocks in the same industry do better.
- BTM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BTM is lagging the market.
- In the last month BTM has a been trading in the 4.26 - 6.78 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
BTM Weekly and Daily overview Charts
BTM Setup Rating and Analysis
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.
More info and screens
BTM Support and Resistance Analysis
4.34
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.86 to 4.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BTM Technical Indicator Signal Analysis
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 | 4.31 | NEGATIVE | BTM has a low relative strength, it was outperformed by 95.69% 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) | 32.79 | NEUTRAL | The RSI value for BTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.44 | OVERSOLD | The low Stochastics value suggests BTM may be oversold. |
| Average True Range in percent/ATR (20) | 13.46 | HIGH VOLATILITY | The high ATR as a percentage value for BTM suggests high volalility. |
| Average Directional Index/ADX (14) | 44.21 | POSITIVE | The high ADX value value for BTM suggests a strong trend. |
BTM Chart- and CandleStick Pattern Analysis
BTM Technicals: Chart, Performance Metrics, Trend & Indicators
4.38
-0.17 (-3.74%)
BITCOIN DEPOT INC / BTM TA FAQ
Can you provide the ChartMill technical rating for BITCOIN DEPOT INC?
ChartMill assigns a technical rating of 0 / 10 to BTM.
What is the trend direction for BTM stock?
The current trend direction for BITCOIN DEPOT INC (BTM) is Bearish.
Can you provide the RSI signal for BITCOIN DEPOT INC?
BITCOIN DEPOT INC (BTM) has an RSI value of 32.7913. 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.
What are the support and resistance levels for BITCOIN DEPOT INC (BTM) stock?
BITCOIN DEPOT INC (BTM) has a resistance level at 4.86. Check the full technical report for our detailed analysis of BTM support and resistance levels.