HIVE Digital Technologies Ltd. (NASDAQ:HIVE) price is hovering lower on Wednesday, July 10, dropping -0.30% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $3.29. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.84 and 52-week low of $2.18. The stock added 17.14% on its value in the past month.
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Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give HIVE a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that HIVE’s price is at present 4.48% off the SMA20 and 17.44% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.32, with weekly volatility standing at 10.30%. The indicator jumps to 9.69% when calculated based on the past 30 days. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)’s beta value is holding at 3.92, while the average true range (ATR) indicator is currently reading 0.27.
An analysis of the HIVE Digital Technologies Ltd. (NASDAQ:HIVE) stock in terms of its daily trading volume indicates that the 3-month average is 3.32 million.
Current records show that the company has 106.08M in outstanding shares. The insiders’ percentage holdings are 0.49% of outstanding shares while the percentage share held by institutions stands at 32.93%. But the -27.59% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.