BIT MINING LTD - SPON ADR (BTCM) Stock Technical Analysis
NYSE:BTCM - New York Stock Exchange, Inc. - US0554742090 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to BTCM. BTCM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
85% of all other stocks performed better in the past year than BTCM.
BTCM is one of the lesser performing stocks in the Software industry. 77% of 286 stocks in the same industry do better.
BTCM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month BTCM has a been trading in the 2.34 - 3.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
1.97
3.88
We found 4 important support areas.
- Support @2.65 from a trend line in the weekly time frame.
- A support zone ranging from 2.48 to 2.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.43 from a horizontal line 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.76 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.91 to 2.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.50 from a trend line in the weekly time frame.
- Resistance @3.84 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.41
Mansfield-1.31
10 Day High3.19
10 Day Low2.59
20 Day High3.19
20 Day Low2.34
52 Week High4.88
52 Week Low1.79
Performance
1 Week-8.9%
2 Weeks-1.85%
1 Month0.76%
3 Month-1.85%
6 Month10.37%
12 Month-28.3%
2 Year-22.45%
3 Year-91.64%
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
RSI(14)45.55
LBB2.43
UBB2.99
BIT MINING LTD - SPON ADR
NYSE:BTCM (1/30/2025, 5:05:01 PM)
2.66
+0.01 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.38%
1 Week-8.9%
2 Weeks-1.85%
1 Month0.76%
3 Month-1.85%
6 Month10.37%
12 Month-28.3%
2 Year-22.45%
3 Year-91.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.38%
ATR Inc-46.05%
Range Today0.13
ADR(20)0.2
ADR(20)%7.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.41
Mansfield-1.31
10 Day High3.19
10 Day Low2.59
20 Day High3.19
20 Day Low2.34
52 Week High4.88
52 Week Low1.79
CS1 End2.65
CR1 Start2.76
Volume & EV
DER(3)-12.1%
DER(5)-9.1%
Volume50.92K
Volume Incr-38.44%
Vol(5)61.46K
Vol(50)193.74K