BITFARMS LTD/CANADA (BITF.CA) Stock Technical Analysis
TSX:BITF - Toronto Stock Exchange - CA09173B1076 - Common Stock - Currency: CAD
Overall BITF gets a technical rating of 0 out of 10. BITF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BITF is a bad performer in the overall market: 98% of all stocks are doing better.
BITF is one of the lesser performing stocks in the Software industry. 93% of 63 stocks in the same industry do better.
BITF is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BITF is lagging the market.
In the last month BITF has a been trading in the 1.14 - 1.60 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BITF has an average volume of 1573640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BITF is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.13
2.22
5 important resistance areas can be observed.
- Resistance @1.28 from a trend line in the daily time frame.
- A resistance zone ranging from 1.31 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.39 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.60 from a horizontal line in the daily time frame.
- Resistance @2.20 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for BITF.CA is down. |
| ChartMill Relative Strength | 2.22 | NEGATIVE | BITF.CA has a low relative strength, it was outperformed by 97.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITF.CA is below a declining 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) | DOWN | NEGATIVE | The current price of BITF.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.67 | NEUTRAL | The RSI value for BITF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BITF.CA has a negative trend. |
| Stochastics (14,3) | 7.64 | OVERSOLD | The low Stochastics value suggests BITF.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.45 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for BITF.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:BITF (6/13/2025, 7:00:00 PM)
1.14
-0.04 (-3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.39%
1 Week-6.56%
2 Weeks-9.52%
1 Month-24%
3 Month-29.19%
6 Month-58.7%
12 Month-71.07%
2 Year-41.84%
3 Year-20.83%
5 Year200%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.45%
ATR Inc-25.38%
Range Today0.04
ADR(20)0.07
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.22
Mansfield-5.46
10 Day High1.31
10 Day Low1.14
20 Day High1.6
20 Day Low1.14
52 Week High4.49
52 Week Low0.96
CS1 EndN/A
CR1 Start1.28
Volume & EV
DER(3)-2.37%
DER(5)-2.57%
Volume1.16M
Volume Incr-35.24%
Vol(5)1.05M
Vol(50)1.57M