BTC DIGITAL LTD (METX) Stock Technical Analysis
NASDAQ:METX - Nasdaq - KYG6055H1552 - Common Stock - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% of all other stocks performed better in the past year than METX.
METX is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry, of which 74% 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.
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
1.77
3.57
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.
5 important resistance areas can be observed.
- 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. |
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)
NASDAQ:METX (9/28/2023, 8:00:13 PM)
2.03
+0.17 (+9.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg9.14%
1 Week9.73%
2 Weeks-0.98%
1 Month-6.88%
3 Month-44.44%
6 Month-53.55%
12 Month-71.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%13.3%
ATR Inc-33.5%
Range Today0.18
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.33
Mansfield-5.47
10 Day High2.12
10 Day Low1.75
20 Day High2.83
20 Day Low1.75
52 Week High9.93
52 Week Low1.75
CS1 End1.8
CR1 Start2.04
Volume & EV
DER(3)-4.02%
DER(5)5.77%
Volume11.70K
Volume Incr-86.78%
Vol(5)10.34K
Vol(50)175.57K