BMNR Technical Analysis - BITMINE IMMERSION TECHNOLOGI

Technical Rating and Analysis

Overall BMNR gets a technical rating of 4 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.

100% of all other stocks performed better in the past year than BMNR.

BMNR is part of the Software industry. There are 283 other stocks in this industry, of which 90% are performing better than BMNR.

In the last month BMNR has a been trading in the 47.21 - 65.60 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

BMNR has an average volume of 55089700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

49.34

63.06

When analyzing the support we notice one important area.

A support zone ranging from 49.84 to 49.84. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 52.64 to 54.54. 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.

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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)	DOWN	NEGATIVE	The current price of BMNR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BMNR is below the rising SMA(50).
Relative Strength Index/RSI (14)	44.82	NEUTRAL	The RSI value for BMNR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.03	NEGATIVE	The MACD value suggests BMNR has a negative trend.
Stochastics (14,3)	15.4	OVERSOLD	The low Stochastics value suggests BMNR may be oversold.
Average True Range in percent/ATR (20)	9.07	HIGH VOLATILITY	The high ATR as a percentage value for BMNR suggests high volalility.
Average Directional Index/ADX (14)	20.19	NEUTRAL	The ADX value for BMNR suggests a possible start of a new trend.