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Stock Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

BIT Mining Limited ADS (NYSE:BTCM)

Long-Term Downtrend (-90) - BTCM is in a strong downtrend that is likely to continue. While BTCM is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NYSE_BTCM
Open High Low BTCM Price Change
6.65 6.75 6.50 6.65 +0.19
Entry Signal

MarketClub’s Trade Triangles for BTCM

long term down The long-term trend has been DOWN since Dec 3rd, 2021 at 6.16

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2021 at 8.12

short term down The short-term trend has been DOWN since Dec 3rd, 2021 at 6.88

Smart Scan Analysis for BTCM

Based on our trend formula, BTCM is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BTCM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.65 6.75 6.50 6.65 +0.19
Prev. Close Volume Bid Ask Time
6.70 403496 2021-12-07 15:59:50
52wk High3552wk High Date2021-02-16
52wk Low2.548252wk Low Date2020-12-14
Average Volume629,836Shares Outstanding5,786
Assets293,795,000MLiabilities103,501,000M
P/E Ratio-182.5
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