GRANITE YIELDBOOST BITCOIN (XBTY) Stock Technical Analysis
NASDAQ:XBTY - Nasdaq - US38747R4213 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to XBTY. XBTY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, XBTY is a bad performer in the overall market: 100% of all stocks are doing better.
XBTY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is bad, XBTY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.40. Right above this resistance zone may be a good entry point.
More info and screens
23.15
25.92
We found 1 important support area.
- A support zone ranging from 23.38 to 23.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.40 to 25.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.55 to 25.66. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for XBTY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XBTY is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | XBTY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XBTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XBTY is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 38.59 | NEUTRAL | The RSI value for XBTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests XBTY has a negative trend. |
| Stochastics (14,3) | 21.3 | NEUTRAL | The Stochastics value for XBTY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for XBTY suggests some volalility. |
| Average Directional Index/ADX (14) | 24 | NEUTRAL | The ADX value for XBTY suggests a possible start of a new 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)
23.45
-0.39 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.64%
1 Week-0.55%
2 Weeks0.3%
1 Month-5.82%
3 Month-9.02%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%2.16%
ATR Inc-27.23%
Range Today0.29
ADR(20)0.37
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High24.15
10 Day Low23.3
20 Day High25.6
20 Day Low23.3
52 Week HighN/A
52 Week LowN/A
CS1 End23.38
CR1 Start24.4
Volume & EV
DER(3)-3.74%
DER(5)-5.01%
Volume203.10K
Volume Incr-7.4%
Vol(5)194.84K
Vol(50)130.34K