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    Technical Analysis for BTCM - BIT Mining Limited ADS

    Grade Last Price % Change Price Change
    C 2.77 -0.72% -0.02
    BTCM closed down 0.72 percent on Friday, November 22, 2024, on 1.36 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Down
    Historical BTCM trend table...
    Date Alert Name Type % Chg
    20 DMA Resistance Bearish 0.00%
    200 DMA Support Bullish 0.00%
    1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
    Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
    Stochastic Reached Oversold Weakness 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Oversold Stochastic Weakness 0.00%
    20 DMA Resistance Bearish -0.72%
    200 DMA Support Bullish -0.72%
    Calm After Storm Range Contraction -0.72%
    Older End-of-Day Signals for BTCM ...

       Recent Intraday Alerts

    Alert Time
    60 Minute Opening Range Breakdown 2 days ago
    Down 3% 2 days ago
    200 DMA Resistance 2 days ago
    Fell Below 200 DMA 2 days ago
    2x Volume Pace 2 days ago
    View Earlier Intraday Alerts

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    Profile

    BIT Mining Limited ADS Description

    BIT Mining Limited is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); and (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company's continued growth.

    Classification
    Sector: Consumer Cyclical
    Industry: Gambling
    Keywords: Mining Bitcoin Cryptocurrency Payment Systems Financial Technology Decentralization Cryptography Private Currencies

    Is BTCM a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Nov 23 Financial Crime Weekly: UPS Pays $45M Fine, BIT Mining Pays $4M Fine For Bribery
    Nov 18 BIT Mining to Pay $10 Million Penalty Over Bribery Allegations
    Nov 18 BIT Mining to pay $4M fine to settle SEC charges on FCPA Violations
    Nov 12 WidePoint And 2 Other Promising US Penny Stocks
    Sep 29 BIT Mining First Half 2024 Earnings: EPS: US$0.002 (vs US$0.54 loss in 1H 2023)
    See more BTCM news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 6.95
    52 Week Low 1.79
    Average Volume 206,972
    200-Day Moving Average 2.75
    50-Day Moving Average 2.58
    20-Day Moving Average 2.91
    10-Day Moving Average 3.00
    Average True Range 0.36
    RSI (14) 48.72
    ADX 36.89
    +DI 27.81
    -DI 12.44
    Chandelier Exit (Long, 3 ATRs) 3.18
    Chandelier Exit (Short, 3 ATRs) 3.56
    Upper Bollinger Bands 3.25
    Lower Bollinger Band 2.56
    Percent B (%b) 0.3
    BandWidth 23.63
    MACD Line 0.08
    MACD Signal Line 0.13
    MACD Histogram -0.042
    Fundamentals Value
    Market Cap 30.78 Million
    Num Shares 11.1 Million
    EPS -16.00
    Price-to-Earnings (P/E) Ratio -0.17
    Price-to-Sales 0.16
    Price-to-Book 1.07
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 3.16
    Resistance 3 (R3) 3.17 3.04 3.10
    Resistance 2 (R2) 3.04 2.94 3.04 3.07
    Resistance 1 (R1) 2.91 2.88 2.98 2.90 3.05
    Pivot Point 2.78 2.78 2.82 2.78 2.78
    Support 1 (S1) 2.65 2.68 2.72 2.64 2.49
    Support 2 (S2) 2.52 2.62 2.52 2.47
    Support 3 (S3) 2.39 2.52 2.45
    Support 4 (S4) 2.38