What is the current support and resistance levels for BMNR?
7/28/2025 10:29am
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The deep research logic is organized as follows:
Okay, let's tackle the user's question about the current support and resistance levels for BMNR. First, I need to figure out which BMNR they're referring to because there are two stocks with similar codes: BMRN (Biomarin Pharmaceutical) and BMNR.A (BitMine Immersion). The user mentioned "BMNR," so I should check both to avoid confusion.
Looking at the references, there are multiple entries. References 1, 6, 9, and 14 all mention BMNR with support and resistance levels. Wait, but in the results, the stock code is listed as BMRN, not BMNR. That's confusing. Let me double-check. Oh, in reference 1, the stock code is BMRN, but the query was BMNR Support Level. Hmm, maybe it's a typo. The user might be referring to BMRN as BMNR. Alternatively, there's BMNR.A in reference 19, which is BitMine Immersion.
The user's question is about BMNR, so I need to clarify which stock they mean. However, the references provided don't have a BMNR stock code except for BMNR.A. Wait, in reference 19, there's a query about BMNR.A vs BMRN. The results show BMRN as Biomarin and BMNR.A as BitMine. So, the user might be mixing up the codes.
The user's question is about BMNR, but the data provided in references 1, 6, 9, and 14 are for BMRN (Biomarin). However, the user might have intended BMNR.A. Let me check the latest data. The current time is 2025-07-27, and the data in references 1, 6, 9, and 14 are from 2025-07-25. The last price for BMRN is $59.01, and for BMNR.A, it's $39.8.
The user's question is about BMNR, but the data for BMNR.A is available in reference 19. However, the support and resistance levels are only provided for BMRN in references 1, 6, 9, and 14. There's no data for BMNR.A's support and resistance levels in the references. So, I need to clarify that BMNR could refer to two different stocks.
Wait, the user's question is about BMNR, but the data provided in the references for BMNR.A doesn't include support and resistance levels. The only support and resistance data is for BMRN. Therefore, I should inform the user that BMNR could refer to two stocks and provide the data for BMRN, as that's the only available data.
Also, the user might be confused between BMNR and BMRN. The stock codes are similar, so it's important to clarify. The user's question is about BMNR, but the data is for BMRN. Therefore, I should present the data for BMRN and mention the potential confusion.
Additionally, the user might be interested in BitMine Immersion (BMNR.A), so I should check if there's any data for that. Looking at references 10, 11, 12, 13, and 14, there's some technical analysis for BMNR, but the support and resistance levels are only provided for BMRN. Therefore, I can't provide specific support and resistance levels for BMNR.A based on the given references.
In conclusion, the user's question is about BMNR, but the data available is for BMRN. I should present the support and resistance levels for BMRN and clarify the possible confusion between the two stock codes. Also, mention that if the user is referring to BMNR.A (BitMine Immersion), there's no specific support and resistance data provided in the references, but there's some technical analysis available.
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**Conclusion** 🎯
The current **support level** for **BMRN (Biomarin Pharmaceutical)** is **$56.48**, and the **resistance level** is **$60.29** as of July 25, 2025 . However, there is no specific support or resistance data provided for **BMNR.A (BitMine Immersion)** in the references. Below is a detailed breakdown of the available data and implications for investors.
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### 📊 **Analysis of BMRN (Biomarin Pharmaceutical)**
#### **Key Data**
| Metric | Value | Implication |
|------------------------|-------------|------------------------------------------------------------------------------|
| **Last Price** | $59.01 | Below the resistance level ($60.29) but above the support level ($56.48) . |
| **Last Change** | -1.26% | Recent price decline suggests short-term bearish pressure . |
| **Support Level** | $56.48 | A potential floor if the stock continues to decline . |
| **Resistance Level** | $60.29 | A ceiling that could limit upside momentum . |
#### **Market Context**
- **Technical Setup**: BMRN is trading within its **support-resistance range** ($56.48–$60.29), indicating a neutral-to-bearish bias in the short term .
- **Fundamental Backdrop**: The company has a **market cap of $11.2B** and a **P/E ratio of 20.7x**, reflecting moderate valuation relative to peers .
- **Risks**: Recent earnings growth (25% YoY) and a strong pipeline of rare disease therapies could offset near-term volatility .
|code|Ticker|Name|Date|Support Level|Resistance Level|market_code|
|---|---|---|---|---|---|---|
|BMNR|BMNR.A|BitMine Immersion|20250724|38.5500|51.6799|170|
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### 🚨 **Important Note on BMNR.A (BitMine Immersion)**
The stock code **BMNR.A** (BitMine Immersion Technologies) is distinct from **BMRN** (Biomarin Pharmaceutical). While there is no specific support or resistance data for BMNR.A in the references, recent updates highlight:
- **Price Action**: Last price of **$39.8** with a **-4.67%** decline .
- **Strategic Focus**: The company aims to acquire 5% of the ether (ETH) supply, with holdings surpassing $2B .
- **Technical Indicators**: Mixed signals (neutral overall, buy on long-term moving averages) .
If you’re interested in BMNR.A, further analysis would require additional data beyond the provided references. Let me know if you’d like to explore this further! 🚀