BITFARMS LTD/CANADA (BITF.CA) Technical Analysis
TSX:BITF • CA09173B1076
Current stock price
BITF.CA Technical Rating and Analysis
Taking everything into account, BITF scores 4 out of 10 in our technical rating. Although BITF has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- BITF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BITF is lagging the market.
- BITF is one of the better performing stocks in the Software industry, it outperforms 95% of 71 stocks in the same industry.
- In the last month BITF has a been trading in the 2.66 - 3.29 range, which is quite wide. It is currently trading near the high of this range.
- BITF has an average volume of 4379140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Looking at the yearly performance, BITF did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BITF.CA Weekly and Daily overview Charts
BITF.CA Setup Rating and Analysis
BITF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BITF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BITF.CA Support and Resistance Analysis
2.45
3 important support areas can be observed.
- A support zone ranging from 2.71 to 2.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.56 from a trend line in the daily time frame.
- Support @2.47 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.25 to 3.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.49 from a trend line in the daily time frame.
BITF.CA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BITF.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITF.CA is up. |
| ChartMill Relative Strength | 82.73 | POSITIVE | BITF.CA has a high relative strength, it outperformed 82.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITF.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BITF.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.44 | NEUTRAL | The RSI value for BITF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BITF.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.34 | OVERBOUGHT | The high Stochastics value suggests BITF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for BITF.CA suggests a weak or negative trend. |
BITF.CA Chart- and CandleStick Pattern Analysis
BITF.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BITF (3/18/2026, 7:00:00 PM)
3.17
-0.07 (-2.16%)
BITFARMS LTD/CANADA / BITF.CA TA FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 4 / 10 to BITF.CA.
What is the trend direction for BITF stock?
The current trend direction for BITFARMS LTD/CANADA (BITF.CA) is Bearish.
Can you provide the RSI signal for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF.CA) has an RSI value of 53.4439. This indicates that the stock is currently neutral.
What is the buy/sell signal for BITFARMS LTD/CANADA (BITF.CA) stock?
The buy/sell signal for BITFARMS LTD/CANADA (BITF.CA) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BITF stock?
BITFARMS LTD/CANADA (BITF.CA) has a support level at 2.75 and a resistance level at 3.25. Check the full technical report for our detailed analysis of BITF.CA support and resistance levels.