BITMINE IMMERSION TECHNOLOGI (BMNR) Stock Technical Analysis
NYSEARCA:BMNR - NYSE Arca - US09175A1079 - Common Stock - Currency: USD
Overall BMNR gets a technical rating of 1 out of 10. BMNR 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, 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 281 other stocks in this industry, of which 91% are performing better than BMNR.
In the last month BMNR has a been trading in the 30.60 - 161.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
BMNR has a poor technical rating and the quality of the setup is also only medium 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
31.67
34.74
When analyzing the support we notice one important area.
- Support @31.99 from a horizontal 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 | UP | POSITIVE | The long term trend for BMNR is up. |
| 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 | NEGATIVE | The current price of BMNR is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 47.53 | NEUTRAL | The RSI value for BMNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.59 | NEGATIVE | The MACD value suggests BMNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.37 | OVERSOLD | The low Stochastics value suggests BMNR may be oversold. |
| Average True Range in percent/ATR (20) | 57.93 | HIGH VOLATILITY | The high ATR as a percentage value for BMNR suggests high volalility. |
| Average Directional Index/ADX (14) | 41.29 | POSITIVE | The high ADX value value for BMNR suggests a strong trend. |
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)
34.4
+2.4 (+7.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg7.5%
1 Week-12.91%
2 Weeks-23.21%
1 Month-25.22%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.78
ATR(20)%57.93%
ATR Inc-66.31%
Range Today3.98
ADR(20)18.58
ADR(20)%54.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High48.59
10 Day Low30.6
20 Day High161
20 Day Low30.6
52 Week HighN/A
52 Week LowN/A
CS1 End31.99
CR1 StartN/A
Volume & EV
DER(3)-2.08%
DER(5)-1.4%
Volume39.12M
Volume Incr62.89%
Vol(5)43.32M
Vol(50)N/A