FIDELITY WISE ORIGIN BITCOIN (FBTC) Stock Technical Analysis
NYSEARCA:FBTC - NYSE Arca - US3159481098 - ETF - Currency: USD
Taking everything into account, FBTC scores 8 out of 10 in our technical rating. In the last year, FBTC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FBTC has a been trading in the 88.67 - 97.83 range, which is quite wide. It is currently trading near the lows of this range.
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!
When comparing the yearly performance of all stocks, we notice that FBTC is one of the better performing stocks in the market, outperforming 93% of all stocks.
FBTC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FBTC is performing more or less in line with the market.
FBTC has an average volume of 3193650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FBTC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 90.07, a Stop Loss order could be placed below this zone.
More info and screens
70.24
98.03
3 important support areas can be observed.
- A support zone ranging from 88.96 to 90.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.09 from a trend line in the daily time frame.
- Support @70.95 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @97.06 from a horizontal 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 | UP | POSITIVE | The long term trend for FBTC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBTC is neutral. |
| ChartMill Relative Strength | 93.14 | POSITIVE | FBTC has a high relative strength, it outperformed 93.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.86 | NEUTRAL | The RSI value for FBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests FBTC has a negative trend. |
| Stochastics (14,3) | 26.27 | NEUTRAL | The Stochastics value for FBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for FBTC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for FBTC 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 |
|---|---|---|---|
| 92.88 | 89.33 | 3.55 (3.82%) | 25.00% |
| An entry @92.88. This is a Buy Stop order right above the 10 day moving average. | An exit @89.33. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.55 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The distance between exit and entry is rather small compared to the average daily movement of FBTC. 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.
90.08
-0.55 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.61%
1 Week-3.38%
2 Weeks1.26%
1 Month-5.09%
3 Month22.93%
6 Month6.98%
12 Month60.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.63
ATR(20)%2.86%
ATR Inc-5.66%
Range Today3.3
ADR(20)1.92
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.14
Mansfield1.97
10 Day High96.44
10 Day Low89.34
20 Day High97.83
20 Day Low88.67
52 Week High97.83
52 Week Low43.34
CS1 End90.07
CR1 Start97.06
Volume & EV
DER(3)-6.65%
DER(5)-1.85%
Volume2.56M
Volume Incr-21.01%
Vol(5)2.46M
Vol(50)3.19M