Taking everything into account, BTDR scores 1 out of 10 in our technical rating. BTDR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BTDR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.32. Right above this resistance zone may be a good entry point.
More info and screens
9.47
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.45 to 11.50. 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 10.73 to 10.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.20 to 10.28. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @9.99 from a trend line in the daily time frame.
- Support @9.57 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.32 to 12.49. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for BTDR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTDR is neutral. |
| ChartMill Relative Strength | 8.2 | NEGATIVE | BTDR has a low relative strength, it was outperformed by 91.8% 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) | DOWN | NEGATIVE | The current price of BTDR is below a declining 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) | 47.04 | NEUTRAL | The RSI value for BTDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests BTDR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.99 | NEUTRAL | The Stochastics value for BTDR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for BTDR suggests high volalility. |
| Average Directional Index/ADX (14) | 15.69 | NEGATIVE | The low ADX value for BTDR suggests a weak or negative trend. |
11.51
-0.22 (-1.88%)
BITDEER TECHNOLOGIES GROUP-A / BTDR FAQ
What is the ChartMill technical rating of BITDEER TECHNOLOGIES GROUP-A (BTDR) stock?
ChartMill assigns a technical rating of 1 / 10 to BTDR.
Can you provide the trend direction for BITDEER TECHNOLOGIES GROUP-A?
The current trend direction for BITDEER TECHNOLOGIES GROUP-A (BTDR) is Bearish.
Can you provide the RSI signal for BITDEER TECHNOLOGIES GROUP-A?
BITDEER TECHNOLOGIES GROUP-A (BTDR) has an RSI value of 47.0367. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BITDEER TECHNOLOGIES GROUP-A?
The MACD indicator for BITDEER TECHNOLOGIES GROUP-A (BTDR) has a value of 0.263451, indicating a bearish trend.
What is the support and resistance level for BTDR stock?
BITDEER TECHNOLOGIES GROUP-A (BTDR) has a support level at 11.5 and a resistance level at 12.32. Check the full technical report for our detailed analysis of BTDR support and resistance levels.