What is a good entry point for bmnr where do you see it going in two weeks
7/30/2025 06:16pm
**For BitMine Immersion (BMNR), a cautious approach is advisable**, and a potential entry point could be around $30-$32, depending on your risk tolerance and investment horizon. Here's an analysis to support this view:
1. **Technical Indicators Suggest Caution**: BMNR's current technical indicators are bearish, with the stock trading below its 5-day, 10-day, and 50-day moving averages. The MACD is negative at -7.27, and the RSI is at 30.82, indicating that the stock is neither overbought nor oversold. However, these indicators alone do not provide a clear buy signal.
|code|Ticker|Name|Date|bollinger lower band|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|BMNR|BMNR.A|BitMine Immersion|20250729|-3.0715|30.8215|7.2089|-7.2724|170|
2. **Recent Performance and Market Sentiment**: BMNR's stock has experienced a significant drop, with a decrease of 8.86%. The recent announcement of a $1 billion stock repurchase program could be seen as a positive sign, as it indicates confidence in the company's long-term growth and its position as a leading Ethereum holder. However, the stock is still trading below its net asset value, which may raise concerns about its short-term viability.
3. **Fund Flow Analysis**: The net fund flow for BMNR is positive at $52.45 million, which could be a sign of investor confidence. However, the net fund flow (block order) is negative at $21.39 million, which may indicate that large investors are selling their positions.
|code|Ticker|Name|Date|Net Fund Flow|Net Fund Flow (Block Order)|market_code|
|---|---|---|---|---|---|---|
|SBET|SBET.O|SharpLink Gaming|20250106|-13507.1648|-14088.0207|186|
|SBET|SBET.O|SharpLink Gaming|20250107|14592.8549|12839.8693|186|
|SBET|SBET.O|SharpLink Gaming|20250108|-5422.9554|-4315.8072|186|
|SBET|SBET.O|SharpLink Gaming|20250110|-14406.0457|-14045.0973|186|
|SBET|SBET.O|SharpLink Gaming|20250113|-7491.1111|-14366.3998|186|
|SBET|SBET.O|SharpLink Gaming|20250114|-15831.3287|-11813.2121|186|
|SBET|SBET.O|SharpLink Gaming|20250115|4994.977|2833.705|186|
|SBET|SBET.O|SharpLink Gaming|20250116|3975.3559|2744.025|186|
|SBET|SBET.O|SharpLink Gaming|20250117|-12764.8023|-12920.5236|186|
|SBET|SBET.O|SharpLink Gaming|20250121|-2315.9905|-2583.124|186|
4. **Future Outlook**: BMNR's future outlook is likely to be influenced by the company's strategic focus on Ethereum and its treasury strategy. The company's staking activities have generated 722 ETH, which could enhance its portfolio value. However, the current bearish trend in the market and the company's financials (net loss of $622,762 for Q3 2025) suggest that investors should proceed with caution.
In conclusion, a good entry point for BMNR could be around $30-$32, assuming a 2-week investment horizon. This price range is below the stock's recent average price and could offer a better risk-reward ratio. However, it's important to note that the stock is currently trading below its technical indicators and market sentiment is mixed. Investors should monitor the company's strategic developments and market trends closely before making an investment decision.