Opportunity on Hot Stock? Bit Digital, (BTBT)

VOLATILITY ANALYSIS:

Volatility remained at 52.56% over last week and shows 23.27% volatility in last month. VOLATILITY is also measured by ATR an exponential moving average (14-days) of the True Ranges. ATR value stands at 3.

Bit Digital, (BTBT) exchanged 38672104 shares on hands in most recent trading session and observed an average volume with 4587.79K shares. The stock acknowledged active focus on shares in the current trading session. BTBT disclosed a change of 33.59% and its listed share value at $29.27 in the recent trade transaction. This company belong to USA Country and part of Technology sector. It has a market capitalization of $884.25M. Using market capitalization to display company size because this is basic factor of different characteristics to develop the investors’ interests including risk.

TECHNICAL INTERPRETATION:

A Simple moving average is one of the most flexible as well as most-commonly used technical analysis indicators. It is highly popular among traders, mostly because of its simplicity. It works best in a trending environment. Simple Moving Average calculated as an average of the last N-periods (20-Day, 50-Day, 200-Day).The share price is an upward from its 20 days moving average with 279.07% and trading from 50 days moving average with 380.54%. The stock price is performing along positive drift from its 200 days moving average with 768.02%.Any type of moving average can be used to generate buy or sell signals and this process is very simple. The charting software plots the moving average as a line directly into the price chart.

Currently Relative Strength Index (RSI-14) reading of stock is 92.56. RSI reading varies between 0 and 100. Speed and change of stock price movement is measured by the RSI momentum oscillator. J. Welles Wilder developed Relative Strength Index (RSI) that is used most commonly as momentum indicator. Commonly when RSI goes below 30 then stock is overload and stock is overbought when it goes above 70. 30 to 70 are considered a normal reading of a stock. General trend, finding deviations and failure swings can be detected by using RSI.

PROFITABILITY SNAP:

Return on Investment (ROI) is -272.60%.

PERFORMANCE REVIEW:

BTBT revealed weekly performance of 405.53% and shown yearly performance of 4947.42%. The stock moved to 2134.35% in last six months and it maintained for the month at 276.71%. The stock noted year to date performance at 33.59% and changed about 624.50% over the last three months. The stock’s price situated at 20.40% from 52 week high and stock price seen at 10353.57% when looking at 52 week low price.