GRAYSCALE BITCOIN TRUST ETF (GBTC) Stock Technical Analysis
NYSEARCA:GBTC - NYSE Arca - US3896371099 - ETF - Currency: USD
Overall GBTC gets a technical rating of 6 out of 10. Although GBTC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GBTC is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GBTC slightly outperforms the market at the moment.
In the last month GBTC has a been trading in the 59.79 - 77.33 range, which is quite wide. It is currently trading near the high of this range.
GBTC has an average volume of 2396980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GBTC is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
GBTC has an average technical rating and it also does not offer a high 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
61.81
85.56
When analyzing the support we can see 2 important areas.
- Support @66.18 from a horizontal line in the weekly time frame.
- A support zone ranging from 62.43 to 62.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @84.71 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.82
Mansfield2.08
10 Day High77.33
10 Day Low68.25
20 Day High77.33
20 Day Low59.79
52 Week High86.11
52 Week Low39.56
Performance
1 Week1.61%
2 Weeks14.1%
1 Month18.21%
3 Month-4.8%
6 Month39.16%
12 Month38.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.9
RSI(14)65.07
LBB64.54
UBB79.57
76.55
+0.33 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.43%
1 Week1.61%
2 Weeks14.1%
1 Month18.21%
3 Month-4.8%
6 Month39.16%
12 Month38.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.91
ATR(20)%3.32%
ATR Inc-9.3%
Range Today0.99
ADR(20)2.06
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.82
Mansfield2.08
10 Day High77.33
10 Day Low68.25
20 Day High77.33
20 Day Low59.79
52 Week High86.11
52 Week Low39.56
CS1 End66.18
CR1 Start84.71
Volume & EV
DER(3)1.45%
DER(5)2.12%
Volume1.20M
Volume Incr-40.5%
Vol(5)1.51M
Vol(50)2.40M