BMNR Technical Analysis - BITMINE IMMERSION TECHNOLOGI

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to BMNR. In the last year, BMNR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

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 279 other stocks in this industry, of which 90% are performing better than BMNR.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

BMNR has an average volume of 51500800 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 39.70 - 64.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

BITMINE IMMERSION TECHNOLOGI / BMNR Weekly stock chart

BITMINE IMMERSION TECHNOLOGI / BMNR Daily stock chart

Setup Rating and Analysis

BMNR has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

48.19

63.06

When analyzing the support we notice one important area.

Support @48.68 from a trend line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 49.58 to 49.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 55.35 to 55.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @62.44 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for BMNR is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BMNR is neutral.
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)	UP	MIXED	The current price of BMNR is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BMNR is above the rising SMA(50).
Relative Strength Index/RSI (14)	48.49	NEUTRAL	The RSI value for BMNR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests BMNR has a negative trend.
Stochastics (14,3)	48	NEUTRAL	The Stochastics value for BMNR is a neutral value.
Average True Range in percent/ATR (20)	9.15	HIGH VOLATILITY	The high ATR as a percentage value for BMNR suggests high volalility.
Average Directional Index/ADX (14)	24.4	NEUTRAL	The ADX value for BMNR suggests a possible start of a new trend.