FIDELITY WISE ORIGIN BITCOIN (FBTC) Stock Technical Analysis
NYSEARCA:FBTC - NYSE Arca - US3159481098 - ETF - Currency: USD
Taking everything into account, FBTC scores 6 out of 10 in our technical rating. In the last year, FBTC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FBTC has a been trading in the 81.43 - 93.74 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, FBTC did better than 92% of all other stocks.
FBTC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FBTC is lagging the market slightly.
FBTC has an average volume of 4479080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, FBTC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 82.80, a Stop Loss order could be placed below this zone.
More info and screens
78.66
94.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 81.16 to 82.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 83.09 to 84.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 93.33 to 93.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.94
Mansfield1.94
10 Day High87.61
10 Day Low81.43
20 Day High93.74
20 Day Low81.43
52 Week High94.81
52 Week Low43.34
Performance
1 Week-1.51%
2 Weeks-2.22%
1 Month-8.27%
3 Month-4.52%
6 Month48.59%
12 Month85.05%
2 YearN/A
3 YearN/A
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)-0.36
RSI(14)44.31
LBB81.58
UBB87.73
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 84.08 | 81.42 | 2.66 (3.16%) | 25.00% |
| An entry @84.08. This is a Buy Stop order right above the resistance zone. | An exit @81.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.66 points, which is 3.16%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FBTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
82.81
-3.24 (-3.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.77%
1 Week-1.51%
2 Weeks-2.22%
1 Month-8.27%
3 Month-4.52%
6 Month48.59%
12 Month85.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.06
ATR(20)%3.84%
ATR Inc7.36%
Range Today4.2
ADR(20)2.77
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.94
Mansfield1.94
10 Day High87.61
10 Day Low81.43
20 Day High93.74
20 Day Low81.43
52 Week High94.81
52 Week Low43.34
CS1 End82.8
CR1 Start83.09
Volume & EV
DER(3)-0.11%
DER(5)-0.89%
Volume6.36M
Volume Incr-22.47%
Vol(5)3.37M
Vol(50)4.48M