BITFARMS LTD/CANADA (BITF.CA) Technical Analysis
TSX:BITF • CA09173B1076
Current stock price
BITF.CA Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to BITF. 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.
- 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. 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 88% of 71 stocks in the same industry.
- In the last month BITF has a been trading in the 2.66 - 3.28 range, which is quite wide. It is currently trading near the high of this range.
- BITF has an average volume of 4449380 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 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.75, a Stop Loss order could be placed below this zone.
More info and screens
BITF.CA Support and Resistance Analysis
2.43
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 @2.54 from a trend line in the daily time frame.
- Support @2.45 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.19 from a horizontal line in the daily time frame.
- Resistance @3.54 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 | NEUTRAL | NEUTRAL | The short term trend for BITF.CA is neutral. |
| ChartMill Relative Strength | 74.6 | POSITIVE | BITF.CA has a high relative strength, it outperformed 74.6% 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 | 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) | 50.61 | NEUTRAL | The RSI value for BITF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BITF.CA has a positive trend. |
| Stochastics (14,3) | 60.75 | NEUTRAL | The Stochastics value for BITF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.36 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.52 | 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 (3/13/2026, 7:00:00 PM)
3.06
+0.04 (+1.32%)
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.
Can you provide the RSI signal for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF.CA) has an RSI value of 50.6079. This indicates that the stock is currently neutral.
What are the support and resistance levels for BITFARMS LTD/CANADA (BITF.CA) stock?
BITFARMS LTD/CANADA (BITF.CA) has a support level at 2.75 and a resistance level at 3.19. Check the full technical report for our detailed analysis of BITF.CA support and resistance levels.