FIDELITY WISE ORIGIN BITCOIN (FBTC) Stock Technical Analysis
NYSEARCA:FBTC - NYSE Arca - US3159481098 - ETF - Currency: USD
Overall FBTC gets a technical rating of 8 out of 10. 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 98.21 - 107.34 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 91% of all stocks.
FBTC 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 FBTC is lagging the market slightly.
FBTC has an average volume of 3199810 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, but the quality of the setup is only medium 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
91.30
108.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 98.61 to 98.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 102.10 to 103.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @107.27 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 | 91.44 | POSITIVE | FBTC has a high relative strength, it outperformed 91.44% 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 | MIXED | The current price of FBTC is below 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) | 44.29 | NEUTRAL | The RSI value for FBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests FBTC has a negative trend. |
| Stochastics (14,3) | 27.29 | NEUTRAL | The Stochastics value for FBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for FBTC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.94 | 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)
98.62
-2.85 (-2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.81%
1 Week-5.55%
2 Weeks-0.53%
1 Month-5.32%
3 Month3.83%
6 Month19.09%
12 Month76.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.5
ATR(20)%2.47%
ATR Inc4.32%
Range Today2.89
ADR(20)1.89
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.44
Mansfield1.26
10 Day High107.34
10 Day Low98.21
20 Day High107.34
20 Day Low98.21
52 Week High107.34
52 Week Low46.49
CS1 End98.61
CR1 Start102.1
Volume & EV
DER(3)-4.76%
DER(5)-3.43%
Volume4.61M
Volume Incr20.4%
Vol(5)4.15M
Vol(50)3.20M