We assign a technical rating of 1 out of 10 to YBTC. YBTC 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than YBTC.
- YBTC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month YBTC has a been trading in the 28.27 - 31.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, YBTC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.31. Right above this resistance zone may be a good entry point.
More info and screens
29.05
When analyzing the support we notice one important area.
- Support @29.34 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 30.31 to 30.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.44 from a trend line in the weekly time frame.
- Resistance @45.16 from a trend line in the weekly time frame.
- Resistance @56.69 from a horizontal 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 YBTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YBTC is down. |
| ChartMill Relative Strength | 10.06 | NEGATIVE | YBTC has a low relative strength, it was outperformed by 89.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YBTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of YBTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YBTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.98 | NEUTRAL | The RSI value for YBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests YBTC has a positive trend. |
| Stochastics (14,3) | 97.1 | OVERBOUGHT | The high Stochastics value suggests YBTC may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for YBTC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.04 | POSITIVE | The high ADX value value for YBTC suggests a strong trend. |
30.3
+0.05 (+0.17%)
ROUNDHILL BITCOIN CC STR ETF / YBTC FAQ
What is the technical rating for YBTC stock?
ChartMill assigns a technical rating of 1 / 10 to YBTC.
What is the current trend direction of ROUNDHILL BITCOIN CC STR ETF (YBTC) stock?
The current trend direction for ROUNDHILL BITCOIN CC STR ETF (YBTC) is Bearish.
Can you provide the RSI signal for ROUNDHILL BITCOIN CC STR ETF?
ROUNDHILL BITCOIN CC STR ETF (YBTC) has an RSI value of 47.9795. This indicates that the stock is currently neutral.
What is the short term momentum for YBTC stock?
The short term momentum for ROUNDHILL BITCOIN CC STR ETF (YBTC) is negative.
What is the support and resistance level for YBTC stock?
ROUNDHILL BITCOIN CC STR ETF (YBTC) has a support level at 29.34 and a resistance level at 30.31. Check the full technical report for our detailed analysis of YBTC support and resistance levels.