BIT ORIGIN LTD-CL A (BTOG) Technical Analysis
NASDAQ:BTOG • KYG216211345
Current stock price
BTOG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BTOG. BTOG'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BTOG is a bad performer in the overall market: 98% of all stocks are doing better.
- BTOG is one of the lesser performing stocks in the Software industry. 87% of 272 stocks in the same industry do better.
- BTOG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BTOG has a been trading in the 1.75 - 5.35 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.
BTOG Weekly and Daily overview Charts
BTOG Setup Rating and Analysis
Although the technical rating is bad, BTOG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
BTOG Support and Resistance Analysis
1.98
When analyzing the resistance we notice one important area.
- Resistance @3.12 from a horizontal line in the daily time frame.
BTOG 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 BTOG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTOG is down. |
| ChartMill Relative Strength | 2.07 | NEGATIVE | BTOG has a low relative strength, it was outperformed by 97.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTOG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTOG is below a declining 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) | 36.34 | NEUTRAL | The RSI value for BTOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTOG has a negative trend. |
| Stochastics (14,3) | 7.13 | OVERSOLD | The low Stochastics value suggests BTOG may be oversold. |
| Average True Range in percent/ATR (20) | 19.42 | HIGH VOLATILITY | The high ATR as a percentage value for BTOG suggests high volalility. |
| Average Directional Index/ADX (14) | 34.76 | POSITIVE | The high ADX value value for BTOG suggests a strong trend. |
BTOG Chart- and CandleStick Pattern Analysis
BTOG Technicals: Chart, Performance Metrics, Trend & Indicators
2
-0.01 (-0.5%)
BIT ORIGIN LTD-CL A / BTOG TA FAQ
What is the technical rating for BTOG stock?
ChartMill assigns a technical rating of 0 / 10 to BTOG.
What is the current trend direction of BIT ORIGIN LTD-CL A (BTOG) stock?
The current trend direction for BIT ORIGIN LTD-CL A (BTOG) is Bearish.
Can you provide the RSI signal for BIT ORIGIN LTD-CL A?
BIT ORIGIN LTD-CL A (BTOG) has an RSI value of 36.3423. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BIT ORIGIN LTD-CL A?
The buy/sell signal for BIT ORIGIN LTD-CL A (BTOG) is sell as both the short term and long term trends are negative.
What is the support and resistance level for BTOG stock?
BIT ORIGIN LTD-CL A (BTOG) has a resistance level at 3.12. Check the full technical report for our detailed analysis of BTOG support and resistance levels.