BMNR Weekly Technical Analysis
BitMine Immersion Technologies Inc
Developer of immersion cooling technology for crypto mining equipment.
BMNR Technical Analysis Summary
The weekly chart for BMNR depicts a devastating long-term downtrend following a historical price bubble collapse. Currently, the stock is consolidating near absolute lows, unable to mount a recovery above the 200-week SMA. With MACD deeply negative and RSI trending lower, the technical picture remains heavily bearish, suggesting a risk of further downside rather than a structural reversal.
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BMNR Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is drifting lower, trading below both the 50-week and 200-week SMAs. The MACD histogram is negative and RSI is steadily declining, confirming downward short-term momentum.
Long-term Sentiment (weeks to months): Bearish
The stock has suffered a massive historical collapse from extreme highs and remains pinned near long-term lows. It is failing to reclaim the 200-week SMA, indicating a sustained, long-term structural downtrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:39:09.363Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $16.00 | $14.00 - $18.00 | Strong | Recent consolidation zone and absolute low following the most recent massive gap down. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $22.00 | $21.00 - $23.00 | Weak | Immediate resistance at the 200-week SMA (red line) and the 20-week SMA (Bollinger midline). |
| $31.50 | $30.00 - $33.00 | Strong | Significant resistance near the declining 50-week SMA (blue line) and the upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Consolidation Base | Bearish | N/A | After a massive historical collapse and subsequent gap downs, the price has entered a tight consolidation phase near its absolute lows without showing any meaningful upward momentum or ability to break above long-term moving averages. |
Frequently Asked Questions about BMNR
What is the current sentiment for BMNR?
The short-term sentiment for BMNR is currently Bearish because Price is drifting lower, trading below both the 50-week and 200-week SMAs. The MACD histogram is negative and RSI is steadily declining, confirming downward short-term momentum.. The long-term trend is classified as Bearish.
What are the key support levels for BMNR?
StockDips.AI has identified key support levels for BMNR at $16.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is BMNR in a significant dip or a Value Dip right now?
BMNR has a Value Score of 37/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.