On Thursday, Bitmine Immersion Technologies, Inc. stock price gained an impressive 7.25%

The Bitmine Immersion Technologies, Inc. stock price gained 7.25% on the last trading day (Thursday, 7th Aug 2025), rising from $38.49 to $41.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.45% from a day low at $39.70 to a day high of $43.45. The price has been going up and down for this period, and there has been a -1.13% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 65 million shares were bought and sold for approximately $2.69 billion.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 57.00% during the next 3 months and, with a 90% probability hold a price between $46.39 and $245.97 at the end of this 3-month period.

The Bitmine Immersion Technologies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $34.99 and $40.00. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, July 03, 2025, and so far it has fallen -69.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $38.49 and $33.90.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bitmine Immersion Technologies, Inc. finds support just below today's level at $38.49. If this is broken, then the next support from accumulated volume will be at $33.90 and $32.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.75 between high and low, or 9.45%. For the last week, the stock has had daily average volatility of 12.69%.

Bitmine Immersion Technologies, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.