BITMINE IMMERSION TECHNOLOGI (BMNR) Stock Technical Analysis
NYSEARCA:BMNR • US09175A2069
We assign a technical rating of 0 out of 10 to BMNR. BMNR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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, BMNR is a bad performer in the overall market: 100% of all stocks are doing better.
- BMNR is part of the Software industry. There are 276 other stocks in this industry, of which 90% are performing better than BMNR.
- BMNR has an average volume of 43297800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BMNR has a been trading in the 17.19 - 24.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BMNR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 20.25, a Stop Loss order could be placed below this zone.
More info and screens
18.58
We found 2 important support areas.
- A support zone ranging from 20.00 to 20.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.77 to 18.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @21.50 from a horizontal line in the daily time frame.
- Resistance @22.23 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BMNR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMNR is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BMNR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMNR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMNR is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 43.54 | NEUTRAL | The RSI value for BMNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests BMNR has a positive trend. |
| Stochastics (14,3) | 36.65 | NEUTRAL | The Stochastics value for BMNR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for BMNR suggests high volalility. |
| Average Directional Index/ADX (14) | 27.6 | POSITIVE | The high ADX value value for BMNR suggests a strong trend. |
20.4
+1.42 (+7.48%)
BITMINE IMMERSION TECHNOLOGI / BMNR FAQ
What is the ChartMill technical rating of BITMINE IMMERSION TECHNOLOGI (BMNR) stock?
ChartMill assigns a technical rating of 0 / 10 to BMNR.
Can you provide the trend direction for BITMINE IMMERSION TECHNOLOGI?
The current trend direction for BITMINE IMMERSION TECHNOLOGI (BMNR) is Bearish.
What is the RSI signal for BMNR stock?
BITMINE IMMERSION TECHNOLOGI (BMNR) has an RSI value of 43.5371. This indicates that the stock is currently neutral.
What is the short term momentum for BMNR stock?
The short term momentum for BITMINE IMMERSION TECHNOLOGI (BMNR) is negative.
Can you provide the buy/sell signal for BITMINE IMMERSION TECHNOLOGI?
The buy/sell signal for BITMINE IMMERSION TECHNOLOGI (BMNR) is sell as both the short term and long term trends are negative.