-85% p.a.
bt_headshoulder_aapl_returnopt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -85 Days active 427 …
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| BTC-USD | positively | If TeraWulf, a significant Bitcoin miner, can stabilize or increase its mining operations despite the stock’s technical setbacks, it could lead to an increased supply of newly mined Bitcoin, potentially driving up the value of BTC-USD. Additionally, if TeraWulf’s operational costs are managed effectively, it could result in more efficient mining, further boosting the market sentiment for Bitcoin. |
| WULF | negatively | The ticker WULF will be affected negatively by the formation of a Death Cross, as this technical indicator signals a potential continuation of the downtrend. Additionally, key resistance levels present challenges for the stock to gain upward momentum based on the moving averages. |
our strategies and bots using these tickers
summary
TeraWulf Stock Tanks: Death Cross Spells Trouble for Bitcoin Miner
TeraWulf Inc. (WULF) has encountered a significant technical setback, forming a Death Cross. This classic bearish signal suggests potential trouble ahead despite some buying pressure indicating a potential upside. The stock has plummeted 43.5% year-to-date (YTD), even after a substantial 102% revenue surge and growth in Bitcoin mining operations.
Death Cross Spells Trouble
The Death Cross occurs when a stock’s 50-day simple moving average dips below its 200-day simple moving average, a strong bearish indicator. TeraWulf’s stock price at $3.04 is well below key moving averages: the eight-day at $3.51, the 20-day at $4.02, the 50-day at $4.93, and the 200-day at $5.07. Investors are now left wondering: is this a moment of capitulation, or could WULF stock stage a surprise rebound?
Bearish Trend
With these levels acting as resistance, TeraWulf stock remains in a downtrend. The Moving Average Convergence Divergence (MACD) indicator sits at a negative 0.53, reinforcing the bearish stance, while the Relative Strength Index (RSI) of 33.30 suggests TeraWulf stock is approaching oversold territory. The MACD indicator provides insights into the trend by subtracting the 26-day EMA from the 12-day EMA, then smoothing the result with a 9-day EMA. The RSI indicator measures the speed and change of price movements, and its value ranges from 0 to 100. Despite the technical weakness, TeraWulf’s fundamentals tell a different story. The company reported a significant 102% increase in revenue to $140.1 million, driven by strong Bitcoin mining output and a 10-year data center lease with Core42.
Are Fundamentals vs. Technicals at Odds?
But operational costs remain a concern, and the market reaction has been harsh. If sentiment shifts, a rebound could be in the cards—but for now, the Death Cross is the dominant force. This confluence of indicators suggests this stock could continue in a downtrend. However, with buying pressure on the rise (momentum is a bullish indicator used to identify trends by comparing an asset’s price to a moving average), a rebound could be possible. Be prepared for either scenario.
