BTDR Technical Analysis - BITDEER TECHNOLOGIES GROUP-A

Technical Rating and Analysis

Overall BTDR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTDR is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, BTDR did better than 95% of all other stocks.

BTDR is one of the better performing stocks in the Software industry, it outperforms 90% of 281 stocks in the same industry.

In the last month BTDR has a been trading in the 11.85 - 19.00 range, which is quite wide. It is currently trading near the high of this range.

BTDR has an average volume of 4304380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

BTDR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTDR is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BITDEER TECHNOLOGIES GROUP-A / BTDR Weekly stock chart

BITDEER TECHNOLOGIES GROUP-A / BTDR Daily stock chart

Setup Rating and Analysis

Although BTDR has an excellent technical rating, the quality of the presented setup is not ideal 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

9.16

18.18

When analyzing the support we can see 5 important areas.

A support zone ranging from 17.05 to 17.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 16.25 to 16.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @12.95 from a trend line in the daily time frame.
Support @12.11 from a horizontal line in the daily time frame.
Support @9.25 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 BTDR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BTDR is up.
ChartMill Relative Strength	95.53	POSITIVE	BTDR has a high relative strength, it outperformed 95.53% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BTDR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BTDR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BTDR is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.05	NEUTRAL	The RSI value for BTDR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests BTDR has a positive trend.
Stochastics (14,3)	72.68	NEUTRAL	The Stochastics value for BTDR is a neutral value.
Average True Range in percent/ATR (20)	7.16	HIGH VOLATILITY	The high ATR as a percentage value for BTDR suggests high volalility.
Average Directional Index/ADX (14)	39.43	POSITIVE	The high ADX value value for BTDR suggests a strong trend.