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.
MarketClub’s Trade Triangles for BTCM
The long-term trend has been DOWN since Dec 3rd, 2021 at 6.16
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 8.12
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).
|52wk High||35||52wk High Date||2021-02-16|
|52wk Low||2.5482||52wk Low Date||2020-12-14|
|Average Volume||629,836||Shares Outstanding||5,786|