BIT MINING LTD - SPON ADR (BTCM) Stock Technical Analysis
NYSE:BTCM - New York Stock Exchange, Inc. - US0554742090 - ADR - Currency: USD
Overall BTCM gets a technical rating of 4 out of 10. In the past year, BTCM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
75% of all other stocks performed better in the past year than BTCM.
BTCM is one of the lesser performing stocks in the Software industry. 60% of 282 stocks in the same industry do better.
BTCM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BTCM is lagging the market.
BTCM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is only medium, BTCM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.96, a Stop Loss order could be placed below this zone.
More info and screens
1.91
3.77
We found 1 important support area.
- A support zone ranging from 1.93 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @2.05 from a horizontal line in the daily time frame.
- Resistance @2.10 from a horizontal line in the daily time frame.
- Resistance @2.65 from a trend line in the weekly time frame.
- Resistance @3.73 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 | DOWN | NEGATIVE | The long term trend for BTCM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTCM is up. |
| ChartMill Relative Strength | 25.5 | NEGATIVE | BTCM has a low relative strength, it was outperformed by 74.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTCM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTCM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTCM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.05 | NEUTRAL | The RSI value for BTCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTCM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.19 | NEUTRAL | The Stochastics value for BTCM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for BTCM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.1 | POSITIVE | The high ADX value value for BTCM 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)
2.03
+0.05 (+2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.53%
1 Week-2.94%
2 Weeks-0.5%
1 Month8.79%
3 Month1.02%
6 Month-36.54%
12 Month-23.85%
2 Year-32.42%
3 Year-90.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.38%
ATR Inc-18.81%
Range Today0.04
ADR(20)0.13
ADR(20)%6.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.5
Mansfield-2.05
10 Day High2.18
10 Day Low1.82
20 Day High2.18
20 Day Low1.6
52 Week High4.27
52 Week Low1.22
CS1 End1.96
CR1 Start1.98
Volume & EV
DER(3)-12.25%
DER(5)-8.52%
Volume10.07K
Volume Incr-17.49%
Vol(5)71.02K
Vol(50)53.81K