21SHARES BITCOIN CORE ETP (CBTC.PA) Stock Technical Analysis
EPA:CBTC - Euronext Paris - Matif - CH1199067674 - ETF - Currency: EUR
Taking everything into account, CBTC scores 6 out of 10 in our technical rating. CBTC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: CBTC has an average volume of 1242 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CBTC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CBTC is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that CBTC is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month CBTC has a been trading in the 21.08 - 22.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CBTC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.80. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.89
24.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.99 to 21.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.45 from a trend line in the weekly time frame.
- Support @18.51 from a trend line in the daily time frame.
- Support @16.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 21.96 to 21.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.66 from a trend line in the weekly time frame.
- Resistance @23.27 from a trend line in the daily time frame.
- A resistance zone ranging from 24.18 to 24.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CBTC.PA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBTC.PA is neutral. |
| ChartMill Relative Strength | 94.52 | POSITIVE | CBTC.PA has a high relative strength, it outperformed 94.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBTC.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBTC.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBTC.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.08 | NEUTRAL | The RSI value for CBTC.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CBTC.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.4 | NEUTRAL | The Stochastics value for CBTC.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for CBTC.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.06 | NEGATIVE | The low ADX value for CBTC.PA suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.19 | 21.70 | 0.49 (2.21%) | 25.00% |
| An entry @22.19. This is a Buy Stop order right above the resistance zone. | An exit @21.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 2.21%. | For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CBTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPA:CBTC (7/2/2025, 7:00:00 PM)
21.9387
+0.47 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.17%
1 Week1.12%
2 Weeks-0.88%
1 Month-3.21%
3 Month21.34%
6 Month-3.23%
12 Month59.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%1.74%
ATR Inc-10.82%
Range Today0.22
ADR(20)0.15
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.52
Mansfield1.02
10 Day High22.08
10 Day Low21.08
20 Day High22.97
20 Day Low21.08
52 Week High25.22
52 Week Low10.89
CS1 End21.71
CR1 Start21.8
Volume & EV
DER(3)0%
DER(5)0%
Volume1.75K
Volume Incr-45.75%
Vol(5)482.6
Vol(50)1.24K