In a welcome move, Bitdeer Techs saw its Relative Strength Rating improve from 66 to 73 on Wednesday.
Can You Really Time The Stock Market?
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Bitdeer Techs can continue to show renewed price strength and clear that threshold.
Bitdeer Techs is now considered extended and out of buy range after clearing a 10.00 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Bitdeer Techs showed 0% earnings growth in its most recent report. Sales rose -41%. The next quarterly numbers are expected on or around Aug. 18.
Bitdeer Techs earns the No. 56 rank among its peers in the Financial Services-Specialty industry group. IREN, Cboe Global Markets and Jiayin Group ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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