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Stock Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

BIT Mining Limited ADS (NYSE:BTCM)

Sidelines Mode (-55) - BTCM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.40 3.40 3.09 3.14 -0.24
Entry Signal

MarketClub’s Trade Triangles for BTCM

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 2.9900

intermediate term up The intermediate-term trend has been UP since Jun 18th, 2024 at 2.9199

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 2.9300

Smart Scan Analysis for BTCM

Based on our trend formula, BTCM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BTCM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.40 3.40 3.09 3.14 -0.24
Prev. Close Volume Bid Ask Time
3.38 60589 2024-07-23 15:59:59
52wk High6.9552wk High Date2023-12-22
52wk Low1.7952wk Low Date2024-04-15
Average Volume87,654Shares Outstanding579
Assets72,596,000MLiabilities47,464,000M
P/E Ratio0.5039
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