Interbit Ltd. (IBIT.CA) Stock Technical Analysis
Canada - TSX-V:IBIT -
Overall IBIT gets a technical rating of 0 out of 10. IBIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of IBIT 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
0.16
We found 1 important support area.
- Support @0.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.25 from a trend line in the daily time frame.
- Resistance @0.36 from a trend line in the weekly 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 IBIT.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBIT.CA is down. |
| ChartMill Relative Strength | 23.7 | NEGATIVE | IBIT.CA has a low relative strength, it was outperformed by 76.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBIT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBIT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBIT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.61 | NEUTRAL | The RSI value for IBIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IBIT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.17 | OVERSOLD | The low Stochastics value suggests IBIT.CA may be oversold. |
| Average True Range in percent/ATR (20) | 23.55 | HIGH VOLATILITY | The high ATR as a percentage value for IBIT.CA suggests high volalility. |
TSX-V:IBIT (3/19/2020, 6:19:06 PM)
0.19
+0.04 (+26.67%)
Interbit Ltd. / IBIT.CA FAQ
What is the ChartMill technical rating of Interbit Ltd. (IBIT.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to IBIT.CA.
What is the trend direction for IBIT stock?
The current trend direction for Interbit Ltd. (IBIT.CA) is Bearish.
Can you provide the RSI signal for Interbit Ltd.?
Interbit Ltd. (IBIT.CA) has an RSI value of 44.61. This indicates that the stock is currently neutral.
What is the MACD signal for Interbit Ltd. (IBIT.CA) stock?
The MACD indicator for Interbit Ltd. (IBIT.CA) has a value of -0.0133243, indicating a bearish trend.
What is the short term momentum for Interbit Ltd. (IBIT.CA) stock?
The short term momentum for Interbit Ltd. (IBIT.CA) is negative.