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 Friday, Bitdeer Technologies Holding Co [NASDAQ:BTDR] saw its stock fall -2.97% to $20.90. Over the last five days, the stock has gained 12.97%. Bitdeer Technologies Holding Co shares have fallen nearly -3.55% since the year began. Nevertheless, the stocks have risen 220.06% over the past one year. While a 52-week high of $26.99 was reached on 01/06/25, a 52-week low of $5.23 was recorded on 01/13/25. SMA at 50 days reached $16.97, while 200 days put it at $9.96.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 19.76, which if violated will result in even more drops to 18.61. On the upside, there is a resistance level at 22.62. A further resistance level may holdings at 24.33. The Relative Strength Index (RSI) on the 14-day chart is 53.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.45%. Stochastics %K at 44.37% 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 2024-10-31, growing by 0.46 million shares to a total of 10.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.25 million shares. There was a rise of 4.31%, 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.
