FIDELITY WISE ORIGIN BITCOIN (FBTC) Stock Technical Analysis
NYSEARCA:FBTC • US3159481098
Taking everything into account, FBTC scores 0 out of 10 in our technical rating. FBTC'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FBTC is a bad performer in the overall market: 87% of all stocks are doing better.
- FBTC 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 FBTC has a been trading in the 54.20 - 78.83 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.
- FBTC has an average volume of 6794420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of FBTC is bad and it also does not present a 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
55.57
2 important resistance areas can be observed.
- A resistance zone ranging from 72.67 to 73.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.96 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 | DOWN | NEGATIVE | The long term trend for FBTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FBTC is down. |
| ChartMill Relative Strength | 13.06 | NEGATIVE | FBTC has a low relative strength, it was outperformed by 86.94% 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) | DOWN | NEGATIVE | The current price of FBTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FBTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.61 | NEUTRAL | The RSI value for FBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests FBTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.55 | NEUTRAL | The Stochastics value for FBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for FBTC suggests high volalility. |
| Average Directional Index/ADX (14) | 43.68 | POSITIVE | The high ADX value value for FBTC suggests a strong trend. |
56.13
-2.88 (-4.88%)
FIDELITY WISE ORIGIN BITCOIN / FBTC FAQ
Can you provide the ChartMill technical rating for FIDELITY WISE ORIGIN BITCOIN?
ChartMill assigns a technical rating of 0 / 10 to FBTC.
Can you provide the trend direction for FIDELITY WISE ORIGIN BITCOIN?
The current trend direction for FIDELITY WISE ORIGIN BITCOIN (FBTC) is Bearish.
Can you provide the RSI signal for FIDELITY WISE ORIGIN BITCOIN?
FIDELITY WISE ORIGIN BITCOIN (FBTC) has an RSI value of 31.6096. This indicates that the stock is currently neutral.
What is the MACD signal for FBTC stock?
The MACD indicator for FIDELITY WISE ORIGIN BITCOIN (FBTC) has a value of -0.141791, indicating a bearish trend.
What is the buy/sell signal for FIDELITY WISE ORIGIN BITCOIN (FBTC) stock?
The buy/sell signal for FIDELITY WISE ORIGIN BITCOIN (FBTC) is sell as both the short term and long term trends are negative.