BITFARMS LTD/CANADA (BITF.CA) Stock Technical Analysis
TSX:BITF • CA09173B1076
Taking everything into account, BITF scores 1 out of 10 in our technical rating. BITF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 86% of them.
- BITF has an average volume of 4871930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, BITF outperforms 55% of them, which is more or less in line with the market.
- In the last month BITF has a been trading in the 2.31 - 3.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BITF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
2.39
2 important support areas can be observed.
- A support zone ranging from 2.78 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.41 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @3.01 from a trend line in the weekly time frame.
- Resistance @3.83 from a trend line in the daily time frame.
- Resistance @4.05 from a horizontal 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 | 55.91 | NEUTRAL | BITF.CA is not amongst the best or worst performers 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) | 39.54 | 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) | 49.39 | NEUTRAL | The Stochastics value for BITF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.59 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.43 | POSITIVE | The high ADX value value for BITF.CA suggests a strong trend. |
TSX:BITF (2/20/2026, 7:00:00 PM)
2.79
-0.06 (-2.11%)
BITFARMS LTD/CANADA / BITF.CA FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 1 / 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 39.5371. 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 sell as both the short term and long term trends are negative.
What is the support and resistance level for BITF stock?
BITFARMS LTD/CANADA (BITF.CA) has a support level at 2.78 and a resistance level at 3.01. Check the full technical report for our detailed analysis of BITF.CA support and resistance levels.