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 8 out of 10 to BITF. In the last year, BITF was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- BITF is part of the Software industry. There are 66 other stocks in this industry. BITF outperforms 95% of them.
- In the last month BITF has a been trading in the 2.50 - 4.08 range, which is quite wide. It is currently trading near the high of this range.
- BITF has an average volume of 4381070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BITF did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- 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.
- 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 BITF has an excellent technical rating, it 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.
More info and screens
BITF.CA Support and Resistance Analysis
2.56
2 important support areas can be observed.
- Support @2.87 from a trend line in the weekly time frame.
- Support @2.59 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.97 to 3.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for BITF.CA is up. |
| ChartMill Relative Strength | 92.96 | POSITIVE | BITF.CA has a high relative strength, it outperformed 92.96% 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) | UP | POSITIVE | The current price of BITF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.51 | NEUTRAL | The RSI value for BITF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BITF.CA has a positive trend. |
| Stochastics (14,3) | 89.47 | OVERBOUGHT | The high Stochastics value suggests BITF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.41 | NEUTRAL | The ADX value for BITF.CA suggests a possible start of a new trend. |
BITF.CA Chart- and CandleStick Pattern Analysis
BITF.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BITF (4/17/2026, 7:00:00 PM)
3.96
+0.22 (+5.88%)
BITFARMS LTD/CANADA / BITF.CA TA FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 8 / 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 68.5134. 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 positive.