BTC DIGITAL LTD (METX) Technical Analysis
NASDAQ:METX • KYG6055H1552
Current stock price
METX Technical Rating and Analysis
Taking everything into account, METX scores 0 out of 10 in our technical rating. METX'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, METX is a bad performer in the overall market: 95% of all stocks are doing better.
- METX is part of the Diversified Consumer Services industry. There are 73 other stocks in this industry, of which 68% are performing better than METX.
- METX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so METX is lagging the market.
- In the last month METX has a been trading in the 1.75 - 2.83 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
METX Weekly and Daily overview Charts
METX Setup Rating and Analysis
Although the technical rating is bad, METX does present a nice setup opportunity. 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
METX Support and Resistance Analysis
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.
When analyzing the resistance we notice 5 important 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.
METX Technical Indicator Signal Analysis
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. |
METX Chart- and CandleStick Pattern Analysis
METX Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:METX (9/28/2023, 8:00:13 PM)
2.03
+0.17 (+9.14%)
BTC DIGITAL LTD / METX TA FAQ
What is the ChartMill technical rating of BTC DIGITAL LTD (METX) stock?
ChartMill assigns a technical rating of 0 / 10 to METX.
What is the trend direction for METX stock?
The current trend direction for BTC DIGITAL LTD (METX) is Bearish.
Can you provide the RSI signal for BTC DIGITAL LTD?
BTC DIGITAL LTD (METX) has an RSI value of 43.3566. This indicates that the stock is currently neutral.
What is the MACD signal for BTC DIGITAL LTD (METX) stock?
The MACD indicator for BTC DIGITAL LTD (METX) has a value of 0.0491308, indicating a bearish trend.
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.