BITFARMS LTD/CANADA (BITF.CA) Technical Analysis
TSX:BITF • CA09173B1076
Current stock price
2.95 CAD
+0.03 (+1.03%)
Last:
BITF.CA Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to BITF. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 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 96% of them.
- BITF has an average volume of 4358360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BITF is one of the better performing stocks in the market, outperforming 85% of all 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
Although the technical rating is bad, BITF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
2.52
3.32
3 important support areas can be observed.
- Support @2.93 from a trend line in the daily time frame.
- Support @2.73 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.07 to 3.09. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for BITF.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITF.CA is neutral. |
| ChartMill Relative Strength | 85.96 | POSITIVE | BITF.CA has a high relative strength, it outperformed 85.96% 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) | UP | MIXED | The current price of BITF.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.06 | NEUTRAL | The RSI value for BITF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BITF.CA has a positive trend. |
| Stochastics (14,3) | 56.94 | NEUTRAL | The Stochastics value for BITF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.93 | NEGATIVE | The low ADX value for BITF.CA suggests a weak or negative trend. |
BITF.CA Chart- and CandleStick Pattern Analysis
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)
BITF.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BITF (4/10/2026, 7:00:00 PM)
2.95
+0.03 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.03%
1 Week6.88%
2 Weeks4.61%
1 Month-2.32%
3 Month-24.36%
6 Month-49.66%
12 Month163.39%
2 Year19.92%
3 Year84.38%
5 Year-55.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%7.65%
ATR Inc-47.68%
Range Today0.1
ADR(20)0.22
ADR(20)%7.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.96
3 months CRS12.16
6 months CRS4.3
Mansfield-0.14
10 Day High3.01
10 Day Low2.5
20 Day High3.3
20 Day Low2.5
52 Week High9.27
52 Week Low0.98
CS1 End2.93
CR1 Start3.07
Volume & EV
DER(3)20.19%
DER(5)31.57%
Volume2.65M
Volume Incr45.2%
Vol(5)5.83M
Vol(50)4.36M
BITFARMS LTD/CANADA / BITF.CA TA FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 2 / 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 50.0637. 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.