Technical Analysis for BTCM - BIT Mining Limited ADS

Grade Last Price % Change Price Change
C 2.71 5.45% 0.14
BTCM closed up 5.45 percent on Friday, November 1, 2024, on 81 percent of normal volume.
Earnings due: Nov 15
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Fell Below 200 DMA Bearish 5.45%
20 DMA Support Bullish 5.45%
Wide Bands Range Expansion 5.45%
Down 3 Days in a Row Weakness 5.45%
200 DMA Support Bullish -4.91%
Slingshot Bullish Bullish Swing Setup -4.91%
Wide Bands Range Expansion -4.91%

   Recent Intraday Alerts

Alert Time
Gap Up Partially Closed about 21 hours ago
10 DMA Resistance about 21 hours ago
Possible Inside Day about 21 hours ago
Gapped Up (Partial) 1 day ago
Rose Above 10 DMA 1 day ago

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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

Indicators

Indicator Value
52 Week High 6.95
52 Week Low 1.79
Average Volume 49,888
200-Day Moving Average 2.82
50-Day Moving Average 2.37
20-Day Moving Average 2.55
10-Day Moving Average 2.69
Average True Range 0.23
RSI (14) 55.56
ADX 27.42
+DI 27.59
-DI 18.18
Chandelier Exit (Long, 3 ATRs) 2.52
Chandelier Exit (Short, 3 ATRs) 2.74
Upper Bollinger Bands 3.07
Lower Bollinger Band 2.03
Percent B (%b) 0.66
BandWidth 40.97
MACD Line 0.12
MACD Signal Line 0.11
MACD Histogram 0.0084
Fundamentals Value
Market Cap 30.11 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) 2.99
Resistance 3 (R3) 2.98 2.89 2.94
Resistance 2 (R2) 2.89 2.82 2.89 2.92
Resistance 1 (R1) 2.80 2.77 2.84 2.80 2.91
Pivot Point 2.70 2.70 2.73 2.71 2.70
Support 1 (S1) 2.62 2.63 2.66 2.62 2.51
Support 2 (S2) 2.52 2.59 2.52 2.50
Support 3 (S3) 2.43 2.52 2.48
Support 4 (S4) 2.43