BIT MINING LTD - SPON ADR (BTCM) Stock Technical Analysis
USA - NYSE:BTCM - US0554742090 - ADR
We assign a technical rating of 3 out of 10 to BTCM. In the last year, BTCM was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
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
2.49
3 important support areas can be observed.
- Support @2.71 from a trend line in the daily time frame.
- A support zone ranging from 2.57 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.52 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.10 from a horizontal line in the daily time frame.
- Resistance @3.69 from a trend line in the weekly 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 BTCM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTCM is neutral. |
| ChartMill Relative Strength | 13.13 | NEGATIVE | BTCM has a low relative strength, it was outperformed by 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTCM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BTCM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTCM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.8 | NEUTRAL | The RSI value for BTCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BTCM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.63 | NEUTRAL | The Stochastics value for BTCM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.99 | HIGH VOLATILITY | The high ATR as a percentage value for BTCM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for BTCM suggests a possible start of a new trend. |
2.73
-0.11 (-3.87%)
BIT MINING LTD - SPON ADR / BTCM FAQ
What is the ChartMill technical rating of BIT MINING LTD - SPON ADR (BTCM) stock?
ChartMill assigns a technical rating of 3 / 10 to BTCM.
Can you provide the trend direction for BIT MINING LTD - SPON ADR?
The current trend direction for BIT MINING LTD - SPON ADR (BTCM) is Bullish.
What is the RSI signal for BTCM stock?
BIT MINING LTD - SPON ADR (BTCM) has an RSI value of 46.798. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIT MINING LTD - SPON ADR?
The MACD indicator for BIT MINING LTD - SPON ADR (BTCM) has a value of 0.00307871, indicating a bearish trend.
What is the support and resistance level for BTCM stock?
BIT MINING LTD - SPON ADR (BTCM) has a support level at 2.71 and a resistance level at 3.1. Check the full technical report for our detailed analysis of BTCM support and resistance levels.