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 is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- BITF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- BITF is part of the Software industry. There are 66 other stocks in this industry. BITF outperforms 95% of them.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- BITF has an average volume of 4373450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, BITF did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month BITF has a been trading in the 2.50 - 3.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BITF.CA Weekly and Daily overview Charts
BITF.CA Setup Rating and Analysis
BITF has an average technical rating and the quality of the presented setup is also not ideal 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
BITF.CA Support and Resistance Analysis
2.53
2 important support areas can be observed.
- A support zone ranging from 2.87 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.56 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @3.29 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for BITF.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITF.CA is neutral. |
| ChartMill Relative Strength | 88.6 | POSITIVE | BITF.CA has a high relative strength, it outperformed 88.6% 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 | MIXED | The current price of BITF.CA is above 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) | 57.91 | NEUTRAL | The RSI value for BITF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BITF.CA has a positive trend. |
| Stochastics (14,3) | 69.77 | NEUTRAL | The Stochastics value for BITF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.33 | 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 (4/13/2026, 7:00:00 PM)
3.22
+0.27 (+9.15%)
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.
What is the RSI signal for BITF stock?
BITFARMS LTD/CANADA (BITF.CA) has an RSI value of 57.9081. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BITFARMS LTD/CANADA?
The short term momentum for BITFARMS LTD/CANADA (BITF.CA) is neutral.