As this happened, Northland Capital initiated its Bitdeer Technologies Holding Co [BTDR] rating to an Outperform in a research note published on October 09, 2024; the price target was $13. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Cantor Fitzgerald started covering the stock on June 11, 2024. It rated BTDR as “an Overweight”.
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Price Performance Review of BTDR
On Tuesday, Bitdeer Technologies Holding Co [NASDAQ:BTDR] saw its stock fall -4.43% to $7.77. Over the last five days, the stock has gained 9.90%. Bitdeer Technologies Holding Co shares have fallen nearly -21.20% since the year began. Nevertheless, the stocks have risen 72.67% over the past one year. While a 52-week high of $14.27 was reached on 07/09/24, a 52-week low of $2.77 was recorded on 04/16/24. SMA at 50 days reached $7.07, while 200 days put it at $7.50.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 7.44, which if violated will result in even more drops to 7.10. On the upside, there is a resistance level at 8.21. A further resistance level may holdings at 8.64. The Relative Strength Index (RSI) on the 14-day chart is 55.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.21%. Stochastics %K at 62.54% indicates the stock is a holding.
How much short interest is there in Bitdeer Technologies Holding Co?
A steep rise in short interest was recorded in Bitdeer Technologies Holding Co stocks on 2024-09-30, growing by 0.26 million shares to a total of 10.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.98 million shares. There was a rise of 2.57%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 15, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.
