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BITFARMS LTD/CANADA (BITF.CA) Stock Technical Analysis

Canada - Toronto Stock Exchange - TSX:BITF - CA09173B1076 - Common Stock

4.54 CAD
+0.21 (+4.85%)
Last: 11/27/2025, 7:00:00 PM
Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to BITF. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
BITF is one of the better performing stocks in the Software industry, it outperforms 90% of 63 stocks in the same industry.
BITF has an average volume of 10087800 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 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BITF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BITF is lagging the market.
In the last month BITF has a been trading in the 3.28 - 6.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
BITFARMS LTD/CANADA / BITF Weekly stock chart
BITFARMS LTD/CANADA / BITF Daily stock chart
Setup Rating and Analysis

3

BITF has an average technical rating and it also does not offer a high 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.

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Support and Resistance Analysis

1.57

4.59

When analyzing the support we can see 3 important areas.

  • Support @3.54 from a trend line in the daily time frame.
  • Support @2.58 from a trend line in the daily time frame.
  • Support @1.59 from a horizontal line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for BITF.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for BITF.CA is neutral.
ChartMill Relative Strength92.05POSITIVEBITF.CA has a high relative strength, it outperformed 92.05% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of BITF.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of BITF.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of BITF.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)50.04NEUTRALThe RSI value for BITF.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests BITF.CA has a positive trend.
Stochastics (14,3)43.81NEUTRALThe Stochastics value for BITF.CA is a neutral value.
Average True Range in percent/ATR (20)10.95HIGH VOLATILITYThe high ATR as a percentage value for BITF.CA suggests high volalility.
Average Directional Index/ADX (14)19.98NEGATIVEThe low ADX value for BITF.CA suggests a weak or negative trend.
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)

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BITFARMS LTD/CANADA / BITF Daily stock chart

BITFARMS LTD/CANADA

TSX:BITF (11/27/2025, 7:00:00 PM)

4.54

+0.21 (+4.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustrySoftware
Performance
% Chg4.85%
1 Week24.38%
2 Weeks25.41%
1 Month-20.21%
3 Month148.09%
6 Month260.32%
12 Month46.45%
2 Year131.63%
3 Year467.5%
5 Year460.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%10.95%
ATR Inc-7.4%
Range Today0.34
ADR(20)0.48
ADR(20)%10.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.05
3 months CRS98.08
6 months CRS98.01
Mansfield7.3
10 Day High4.6
10 Day Low3.28
20 Day High6.4
20 Day Low3.28
52 Week High9.27
52 Week Low0.96
CS1 End3.54
CR1 StartN/A
Volume & EV
DER(3)2.99%
DER(5)2.06%
Volume3.15M
Volume Incr-23.5%
Vol(5)5.63M
Vol(50)10.09M

BITFARMS LTD/CANADA / BITF.CA FAQ

Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?

ChartMill assigns a technical rating of 6 / 10 to BITF.CA.


What is the current trend direction of BITFARMS LTD/CANADA (BITF.CA) stock?

The current trend direction for BITFARMS LTD/CANADA (BITF.CA) is Bullish.


Can you provide the RSI signal for BITFARMS LTD/CANADA?

BITFARMS LTD/CANADA (BITF.CA) has an RSI value of 50.0384. This indicates that the stock is currently neutral.


Can you provide the support and resistance levels for BITFARMS LTD/CANADA?

BITFARMS LTD/CANADA (BITF.CA) has a support level at 3.54. Check the full technical report for our detailed analysis of BITF.CA support and resistance levels.