BITDEER TECHNOLOGIES GROUP-A (BTDR) Stock Technical Analysis
NASDAQ:BTDR - Nasdaq - KYG114481008 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BTDR. BTDR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that BTDR is one of the better performing stocks in the market, outperforming 91% of all stocks.
BTDR is part of the Software industry. There are 283 other stocks in this industry. BTDR outperforms 85% of them.
BTDR has an average volume of 4406020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
In the last month BTDR has a been trading in the 11.88 - 15.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BTDR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 13.13, a Stop Loss order could be placed below this zone.
More info and screens
7.06
15.75
When analyzing the support we can see 6 important areas.
- A support zone ranging from 12.77 to 13.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.10 to 12.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.85 from a trend line in the daily time frame.
- Support @8.77 from a trend line in the weekly time frame.
- Support @7.85 from a trend line in the weekly time frame.
- Support @7.13 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 13.45 to 13.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.88 from a trend line in the daily time frame.
- Resistance @14.33 from a trend line in the daily time frame.
- A resistance zone ranging from 15.17 to 15.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.59 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BTDR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTDR is neutral. |
| ChartMill Relative Strength | 91.82 | POSITIVE | BTDR has a high relative strength, it outperformed 91.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTDR is below a declining 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) | UP | MIXED | The current price of BTDR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.31 | NEUTRAL | The RSI value for BTDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BTDR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.49 | NEUTRAL | The Stochastics value for BTDR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for BTDR suggests high volalility. |
| Average Directional Index/ADX (14) | 12.17 | NEGATIVE | The low ADX value for BTDR suggests a weak or negative 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)
13.39
-0.39 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.83%
1 Week6.52%
2 Weeks10.57%
1 Month-2.26%
3 Month-11.85%
6 Month-18.85%
12 Month107.28%
2 Year-1.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%6.68%
ATR Inc-1.75%
Range Today0.79
ADR(20)0.85
ADR(20)%6.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.82
Mansfield-0.32
10 Day High14.06
10 Day Low12.19
20 Day High15.63
20 Day Low11.88
52 Week High26.99
52 Week Low5.4
CS1 End13.13
CR1 Start13.45
Volume & EV
DER(3)1.18%
DER(5)0.63%
Volume2.79M
Volume Incr-19.52%
Vol(5)3.13M
Vol(50)4.41M