Stock Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
BIT Mining Limited ADS (NYSE:BTCM)
Countertrend Up (+85) - BTCM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid BTCM?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTCM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTCM
The long-term trend has been UP since Dec 23rd, 2022 at 0.4444
The intermediate-term trend has been UP since Dec 23rd, 2022 at 0.2600
The short-term trend has been DOWN since Jan 24th, 2023 at 3.6600
Smart Scan Analysis for BTCM
Based on our trend formula, BTCM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||34.799||52wk High Date||2022-02-10|
|52wk Low||1.4||52wk Low Date||2022-12-28|
|Average Volume||1,820,075||Shares Outstanding||579|