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.