In the meantime, 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 jump 9.54% to $7.81. Over the last five days, the stock has lost -15.38%. Bitdeer Technologies Holding Co shares have fallen nearly -20.79% since the year began. Nevertheless, the stocks have risen 95.74% 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 $7.30, while 200 days put it at $7.54.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 7.46, which if violated will result in even more drops to 7.12. On the upside, there is a resistance level at 8.00. A further resistance level may holdings at 8.20. The Relative Strength Index (RSI) on the 14-day chart is 49.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.14%. Stochastics %K at 15.30% indicates the stock is a buying.
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.
