Analyze pattern of BMNR

The pattern for BMNR (BitMine Immersion Technologies, Inc.) exhibits a **bearish signal** with a strong sell outlook. Here's the analysis based on technical indicators: 1. **Moving Averages**: The moving averages from MA5 to MA200 show a **strong sell outlook**, with no buy signals detected across the range. This indicates a prevailing bearish trend. 2. **Relative Strength Index (RSI)**: The RSI at 47.96 suggests that the stock is neither overbought nor oversold, but leaning towards the sell side. 3. **Bollinger Bands**: The closing price of $58.23 is near the lower band of $58.12, indicating a potential for price movement but also reflecting a bearish environment. 4. **Fibonacci Retracement**: The Fibonacci Retracement at 618 days is at $78.84, which is significantly higher than the current trading price, suggesting that the stock is below this key support level. |code|Ticker|Name|market_code| |---|---|---|---| |BMNR|BMNR.A|BitMine Immersion|170| |code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code| |---|---|---|---|---|---|---|---|---| |BMNR|BMNR.A|BitMine Immersion|20250729|54.4960|30.8215|7.2089|-7.2724|170| In conclusion, the technical pattern for BMNR indicates a **sell signal** with a strong bearish trend. Investors should exercise caution and consider these indicators when making investment decisions for BMNR.