BIT MINING LTD - SPON ADR (BTCM) Stock Technical Analysis
USA - NYSE:BTCM - US0554742090 - ADR
2.73 USD
-0.11 (-3.87%)
2.7404 USD
+0.01 (+0.38%)
Taking everything into account, BTCM scores 3 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, BTCM is a bad performer in the overall market: 87% of all stocks are doing better.
BTCM is part of the Software industry. There are 282 other stocks in this industry, of which 66% are performing better than BTCM.
BTCM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month BTCM has a been trading in the 2.50 - 3.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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
3.73
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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 | 13.79 | NEGATIVE | BTCM has a low relative strength, it was outperformed by 86.21% 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. |
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)
2.73
-0.11 (-3.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.87%
1 Week2.63%
2 Weeks-2.15%
1 Month-4.21%
3 Month-32.76%
6 Month113.28%
12 Month-4.21%
2 Year-3.19%
3 Year24.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%7.99%
ATR Inc48.91%
Range Today0.19
ADR(20)0.21
ADR(20)%7.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.79
Mansfield-0.06
10 Day High3.26
10 Day Low2.62
20 Day High3.26
20 Day Low2.5
52 Week High8.07
52 Week Low1.22
CS1 End2.71
CR1 Start3.1
Volume & EV
DER(3)3.07%
DER(5)6.13%
Volume392.26K
Volume Incr13.35%
Vol(5)437.07K
Vol(50)675.75K