Taking this into account, 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”.
Price Performance Review of BTDR
On Tuesday, Bitdeer Technologies Holding Co [NASDAQ:BTDR] saw its stock fall -1.49% to $9.23. Over the last five days, the stock has gained 12.56%. Bitdeer Technologies Holding Co shares have fallen nearly -6.39% since the year began. Nevertheless, the stocks have risen 144.18% over the past one year. While a 52-week high of $14.27 was reached on 07/09/24, a 52-week low of $3.49 was recorded on 04/16/24. SMA at 50 days reached $7.22, while 200 days put it at $7.51.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 8.93, which if violated will result in even more drops to 8.62. On the upside, there is a resistance level at 9.62. A further resistance level may holdings at 10.00. The Relative Strength Index (RSI) on the 14-day chart is 63.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.21%. Stochastics %K at 75.55% 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 2024-10-15, dropping by -0.54 million shares to a total of 9.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.4 million shares. There was a decline of -5.44%, which implies that there is a negative 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.
