BTC DIGITAL LTD (METX) Stock Technical Analysis
USA - NASDAQ:METX - KYG6055H1552 - Common Stock
Overall METX gets a technical rating of 0 out of 10. METX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
METX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for METX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.77
We found 1 important support area.
- A support zone ranging from 1.79 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 2.04 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.96 from a trend line in the weekly time frame.
- Resistance @3.07 from a trend line in the daily time frame.
- Resistance @3.38 from a trend line in the daily time frame.
- Resistance @3.53 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 | DOWN | NEGATIVE | The long term trend for METX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for METX is down. |
| ChartMill Relative Strength | 5.33 | NEGATIVE | METX has a low relative strength, it was outperformed by 94.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of METX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of METX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of METX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.36 | NEUTRAL | The RSI value for METX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests METX has a positive trend. |
| Stochastics (14,3) | 20 | NEUTRAL | The Stochastics value for METX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.3 | HIGH VOLATILITY | The high ATR as a percentage value for METX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.59 | NEGATIVE | The low ADX value for METX suggests a weak or negative trend. |
NASDAQ:METX (9/28/2023, 8:00:13 PM)
2.03
+0.17 (+9.14%)
BTC DIGITAL LTD / METX FAQ
What is the ChartMill technical rating of BTC DIGITAL LTD (METX) stock?
ChartMill assigns a technical rating of 0 / 10 to METX.
Can you provide the trend direction for BTC DIGITAL LTD?
The current trend direction for BTC DIGITAL LTD (METX) is Bearish.
What is the RSI signal for METX stock?
BTC DIGITAL LTD (METX) has an RSI value of 43.3566. This indicates that the stock is currently neutral.
What is the short term momentum for METX stock?
The short term momentum for BTC DIGITAL LTD (METX) is negative.
What is the buy/sell signal for BTC DIGITAL LTD (METX) stock?
The buy/sell signal for BTC DIGITAL LTD (METX) is sell as both the short term and long term trends are negative.