BTM Technical Analysis - BITCOIN DEPOT INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to BTM. 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 is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. BTM outperforms 89% of them.

BTM has an average volume of 1036340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the yearly performance of all stocks, we notice that BTM is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

BTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTM is lagging the market.

In the last month BTM has a been trading in the 3.36 - 4.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BITCOIN DEPOT INC / BTM Weekly stock chart

BITCOIN DEPOT INC / BTM Daily stock chart

Setup Rating and Analysis

BTM has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.33

3.98

3 important support areas can be observed.

Support @3.51 from a horizontal line in the weekly time frame.
Support @3.44 from a horizontal line in the daily time frame.
Support @1.34 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 3.94 to 3.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for BTM is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BTM is down.
ChartMill Relative Strength	91.2	POSITIVE	BTM has a high relative strength, it outperformed 91.2% 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	POSITIVE	The current price of BTM is above the rising SMA(200).
Relative Strength Index/RSI (14)	36.51	NEUTRAL	The RSI value for BTM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests BTM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	52.31	NEUTRAL	The Stochastics value for BTM is a neutral value.
Average True Range in percent/ATR (20)	5.09	HIGH VOLATILITY	The high ATR as a percentage value for BTM suggests high volalility.
Average Directional Index/ADX (14)	18.64	NEGATIVE	The low ADX value for BTM suggests a weak or negative trend.