BIT Mining Ltd - ADR Shares Close the Week 56.4% Higher - Weekly Wrap

The company saw its shares close the week 56.4% higher than last week, with trading volume higher than its 30 day average.

Sep 04, 2021 by Kwhen Finance Editors

BIT Mining Ltd - ADR Shares Close the Week 56.4% Higher - Weekly Wrap
BIT Mining Ltd - ADR (BTCM) shares closed this week 56.4% higher than it did at the end of last week. The stock is currently up 40.4% year-to-date, up 324.2% over the past 12 months, and down 31.5% over the past five years. This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 1.6%.

Trading Activity

  • Shares traded as high as $14.65 and as low as $7.81 this week.
  • Shares closed 65.6% below its 52-week high and 372.2% above its 52-week low.
  • Trading volume this week was 336.7% higher than the 10-day average and 473.8% higher than the 30-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
  • MACD, a trend-following momentum indicator, indicates an upward trend.
  • The stock closed below its Bollinger band, indicating it may be oversold.
  • The stock closed at 16.5% higher than its 5-day moving average, 45.3% higher than its 20-day moving average, and 40.2% higher than its 90-day moving average.

Market Comparative Performance

  • The company's share price beats the S&P 500 Index this week, beats it on a 1-year basis, and lags it on a 5-year basis
  • The company's share price beats the Dow Jones Industrial Average this week, beats it on a 1-year basis, and lags it on a 5-year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
BIT Mining Ltd - ADR-4.740.4324.2-64.8382.7
Dow Jones Industrial Average-0.217.324.0-0.737.3
S&P 500 Index-0.022.028.6-0.442.9
Technology Industry-1.5-53.6-63.0-75.03.3

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