BIT DIGITAL INC (BTBT) Stock Technical Analysis
NASDAQ:BTBT - Nasdaq - KYG1144A1058 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BTBT. BTBT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month BTBT has a been trading in the 2.90 - 4.03 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BTBT has an average volume of 18861700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, BTBT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
BTBT is an average performer in the Software industry, it outperforms 46% of 286 stocks in the same industry.
BTBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTBT is lagging the market.
The technical rating of BTBT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.99
3.76
When analyzing the support we can see 5 important areas.
- Support @3.17 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.92 to 2.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.86 from a trend line in the daily time frame.
- Support @2.67 from a trend line in the weekly time frame.
- Support @2.01 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.61 to 3.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.37
Mansfield-0.56
10 Day High3.92
10 Day Low2.91
20 Day High4.03
20 Day Low2.9
52 Week High5.74
52 Week Low1.76
Performance
1 Week-10.96%
2 Weeks-11.92%
1 Month8.33%
3 Month-8.71%
6 Month9.06%
12 Month26.95%
2 Year125.69%
3 Year-14.02%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)44.31
LBB2.91
UBB3.96
BIT DIGITAL INC
NASDAQ:BTBT (1/30/2025, 8:08:18 PM)
Premarket: 3.24 -0.01 (-0.31%)3.25
+0.2 (+6.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg6.56%
1 Week-10.96%
2 Weeks-11.92%
1 Month8.33%
3 Month-8.71%
6 Month9.06%
12 Month26.95%
2 Year125.69%
3 Year-14.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%10.3%
ATR Inc-34.25%
Range Today0.2
ADR(20)0.29
ADR(20)%8.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.37
Mansfield-0.56
10 Day High3.92
10 Day Low2.91
20 Day High4.03
20 Day Low2.9
52 Week High5.74
52 Week Low1.76
CS1 End3.17
CR1 Start3.61
Volume & EV
DER(3)-0.27%
DER(5)-0.67%
Volume23.63M
Volume Incr36.84%
Vol(5)20.48M
Vol(50)18.86M