BIT MINING LTD - SPON ADR (BTCM)

US0554742090 - ADR

2.73  -0.19 (-6.51%)

Technical Rating and Analysis

3

Overall BTCM gets a technical rating of 3 out of 10. BTCM 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, BTCM is a bad performer in the overall market: 75% of all stocks are doing better.
BTCM is one of the lesser performing stocks in the Software industry. 70% of 280 stocks in the same industry do better.
BTCM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BTCM is lagging the market.
In the last month BTCM has a been trading in the 2.51 - 4.15 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BTCM Weekly chart
BTCM Daily chart
Setup Rating and Analysis

5

Although the technical rating is bad, BTCM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.67, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

1.97

3.92

2 important support areas can be observed.

  • A support zone ranging from 2.63 to 2.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 1.99 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

  • A resistance zone ranging from 2.92 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @3.75 from a trend line in the weekly time frame.
  • Resistance @3.88 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.25
Mansfield-1.1
10 Day High3.61
10 Day Low2.51
20 Day High4.15
20 Day Low2.51
52 Week High5.71
52 Week Low1.79
Performance
1 Week0.69%
2 Weeks-17.05%
1 Month3.91%
3 Month23.73%
6 Month10.61%
12 Month-42.06%
2 Year84.81%
3 Year-95.24%
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)-0.07
RSI(14)47.36
LBB2.46
UBB3.92
BTCM Daily chart

BIT MINING LTD - SPON ADR

NYSE:BTCM (12/27/2024, 12:26:51 PM)

2.73

-0.19 (-6.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.51%
1 Week0.69%
2 Weeks-17.05%
1 Month3.91%
3 Month23.73%
6 Month10.61%
12 Month-42.06%
2 Year84.81%
3 Year-95.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%12.41%
ATR Inc-54.62%
Range Today0.2
ADR(20)0.35
ADR(20)%12.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.25
Mansfield-1.1
10 Day High3.61
10 Day Low2.51
20 Day High4.15
20 Day Low2.51
52 Week High5.71
52 Week Low1.79
CS1 End2.67
CR1 Start2.92
Volume & EV
DER(3)0.69%
DER(5)1.84%
Volume79.27K
Volume Incr-43.56%
Vol(5)157.28K
Vol(50)300.21K