While this happened, Keefe Bruyette initiated its Bitdeer Technologies Holding Co [BTDR] rating to an Outperform in a research note published on January 27, 2025; the price target was $26.50. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Alliance Global Partners began covering BTDR with “Buy” recommendation on October 08, 2024.
Price Performance Review of BTDR
On Friday, Bitdeer Technologies Holding Co [NASDAQ:BTDR] saw its stock jump 2.46% to $16.66. Over the last five days, the stock has lost -10.04%. Bitdeer Technologies Holding Co shares have fallen nearly -23.12% since the year began. Nevertheless, the stocks have risen 145.72% 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 01/27/25. SMA at 50 days reached $19.08, while 200 days put it at $10.77.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 16.20, which if violated will result in even more drops to 15.73. On the upside, there is a resistance level at 17.45. A further resistance level may holdings at 18.23. The Relative Strength Index (RSI) on the 14-day chart is 43.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.61%. Stochastics %K at 16.32% 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 2024-10-31, 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 June 11, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $13 price target.
