BIT ORIGIN LTD-CL A (BTOG) Stock Technical Analysis
NASDAQ:BTOG - Nasdaq - KYG216211188 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BTOG. In the last year, BTOG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
BTOG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BTOG is one of the better performing stocks in the Software industry, it outperforms 91% of 282 stocks in the same industry.
BTOG has an average volume of 43262700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BTOG is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month BTOG has a been trading in the 0.14 - 1.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although BTOG has an excellent technical rating, it does not offer a high 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
0.52
0.78
When analyzing the resistance we notice 2 important areas.
- Resistance @0.75 from a trend line in the daily time frame.
- Resistance @0.77 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 | NEUTRAL | NEUTRAL | The long term trend for BTOG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTOG is up. |
| ChartMill Relative Strength | 95.92 | POSITIVE | BTOG has a high relative strength, it outperformed 95.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTOG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.58 | NEUTRAL | The RSI value for BTOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BTOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.49 | NEUTRAL | The Stochastics value for BTOG is a neutral value. |
| Average True Range in percent/ATR (20) | 21.5 | HIGH VOLATILITY | The high ATR as a percentage value for BTOG suggests high volalility. |
| Average Directional Index/ADX (14) | 49.31 | POSITIVE | The high ADX value value for BTOG 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)
0.5231
-0.03 (-5.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.83%
1 Week-17.1%
2 Weeks80.38%
1 Month212.67%
3 Month240.34%
6 Month-12.82%
12 Month-69.23%
2 Year-70.95%
3 Year-95.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%21.5%
ATR Inc-5.97%
Range Today0.1
ADR(20)0.1
ADR(20)%19.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.92
Mansfield-4.92
10 Day High1.01
10 Day Low0.32
20 Day High1.01
20 Day Low0.14
52 Week High3.09
52 Week Low0.12
CS1 EndN/A
CR1 Start0.75
Volume & EV
DER(3)-9.14%
DER(5)-6.86%
Volume17.86M
Volume Incr44.65%
Vol(5)103.61M
Vol(50)43.26M