GRAYSCALE BITCOIN TRUST ETF (GBTC) Stock Technical Analysis
USA - NYSEARCA:GBTC - US3896371099 - ETF
Overall GBTC gets a technical rating of 2 out of 10. Although GBTC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GBTC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
78.08
We found 2 important support areas.
- Support @81.29 from a horizontal line in the weekly time frame.
- A support zone ranging from 78.87 to 79.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 83.91 to 85.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 86.69 to 88.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @90.09 from a horizontal line in the daily time frame.
- Resistance @96.60 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 | NEUTRAL | NEUTRAL | The long term trend for GBTC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GBTC is down. |
| ChartMill Relative Strength | 74.57 | POSITIVE | GBTC has a high relative strength, it outperformed 74.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GBTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GBTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GBTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.15 | NEUTRAL | The RSI value for GBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests GBTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.09 | NEUTRAL | The Stochastics value for GBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for GBTC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for GBTC suggests a weak or negative trend. |
81.3
+2.32 (+2.94%)
GRAYSCALE BITCOIN TRUST ETF / GBTC FAQ
What is the ChartMill technical rating of GRAYSCALE BITCOIN TRUST ETF (GBTC) stock?
ChartMill assigns a technical rating of 2 / 10 to GBTC.
What is the current trend direction of GRAYSCALE BITCOIN TRUST ETF (GBTC) stock?
The current trend direction for GRAYSCALE BITCOIN TRUST ETF (GBTC) is Bearish.
Can you provide the RSI signal for GRAYSCALE BITCOIN TRUST ETF?
GRAYSCALE BITCOIN TRUST ETF (GBTC) has an RSI value of 42.1521. This indicates that the stock is currently neutral.
What is the MACD signal for GRAYSCALE BITCOIN TRUST ETF (GBTC) stock?
The MACD indicator for GRAYSCALE BITCOIN TRUST ETF (GBTC) has a value of -0.663695, indicating a bearish trend.
What is the short term momentum for GRAYSCALE BITCOIN TRUST ETF (GBTC) stock?
The short term momentum for GRAYSCALE BITCOIN TRUST ETF (GBTC) is negative.