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 0 out of 10 to BTCM. BTCM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BTCM is a bad performer in the overall market: 93% of all stocks are doing better.
BTCM is one of the lesser performing stocks in the Software industry. 79% of 283 stocks in the same industry do better.
BTCM is currently trading near the lower end of its 52 week range, which is not a good sign. BTCM is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month BTCM has a been trading in the 1.80 - 2.58 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, BTCM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for BTCM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.93
4.26
When analyzing the support we notice one important area.
- Support @1.95 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- Resistance @2.10 from a horizontal line in the daily time frame.
- Resistance @2.92 from a horizontal line in the daily time frame.
- Resistance @3.25 from a trend line in the weekly time frame.
- Resistance @3.81 from a trend line in the weekly time frame.
- Resistance @4.22 from a horizontal 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
CRS7.35
Mansfield-2.7
10 Day High2.3
10 Day Low1.8
20 Day High2.58
20 Day Low1.8
52 Week High4.27
52 Week Low1.79
Performance
1 Week0.51%
2 Weeks-10.45%
1 Month-20.24%
3 Month-49.49%
6 Month-0.51%
12 Month-37.46%
2 Year-19.92%
3 Year-92.94%
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)0.01
RSI(14)35.25
LBB1.79
UBB2.36
NYSE:BTCM (3/7/2025, 8:08:46 PM)
1.97
-0.08 (-3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.9%
1 Week0.51%
2 Weeks-10.45%
1 Month-20.24%
3 Month-49.49%
6 Month-0.51%
12 Month-37.46%
2 Year-19.92%
3 Year-92.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%8.46%
ATR Inc2.15%
Range Today0.18
ADR(20)0.16
ADR(20)%8.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.35
Mansfield-2.7
10 Day High2.3
10 Day Low1.8
20 Day High2.58
20 Day Low1.8
52 Week High4.27
52 Week Low1.79
CS1 End1.95
CR1 Start2.1
Volume & EV
DER(3)15.95%
DER(5)4.86%
Volume33.30K
Volume Incr-9.27%
Vol(5)47.96K
Vol(50)72.02K