GRAYSCALE BITCOIN TRUST ETF (GBTC) Stock Technical Analysis
NYSEARCA:GBTC - NYSE Arca - US3896371099 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to GBTC. In the last year, GBTC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GBTC has a been trading in the 73.82 - 85.02 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 may just continue or reversal may be around the corner!
Looking at the yearly performance, GBTC did better than 90% of all other stocks.
GBTC 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 GBTC is lagging the market slightly.
GBTC has an average volume of 3170690 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, GBTC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 75.05, a Stop Loss order could be placed below this zone.
More info and screens
71.45
85.56
We found 2 important support areas.
- A support zone ranging from 73.71 to 75.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.17 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 75.41 to 76.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.71 to 84.71. 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
CRS90.12
Mansfield1.37
10 Day High79.43
10 Day Low73.82
20 Day High85.02
20 Day Low73.82
52 Week High86.11
52 Week Low39.56
Performance
1 Week-1.52%
2 Weeks-2.24%
1 Month-8.35%
3 Month-4.83%
6 Month47.79%
12 Month64.64%
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)-0.33
RSI(14)44.22
LBB73.95
UBB79.51
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 |
|---|---|---|---|
| 76.21 | 73.81 | 2.40 (3.15%) | 25.00% |
| An entry @76.21. This is a Buy Stop order right above the resistance zone. | An exit @73.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.40 points, which is 3.15%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of GBTC. 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.
75.06
-2.95 (-3.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.78%
1 Week-1.52%
2 Weeks-2.24%
1 Month-8.35%
3 Month-4.83%
6 Month47.79%
12 Month64.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.75
ATR(20)%3.81%
ATR Inc9.26%
Range Today3.81
ADR(20)2.49
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.12
Mansfield1.37
10 Day High79.43
10 Day Low73.82
20 Day High85.02
20 Day Low73.82
52 Week High86.11
52 Week Low39.56
CS1 End75.05
CR1 Start75.41
Volume & EV
DER(3)-1.24%
DER(5)-1.59%
Volume3.35M
Volume Incr-23.58%
Vol(5)2.23M
Vol(50)3.17M