BITFARMS LTD/CANADA (BITF.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BITF - CA09173B1076 - Common Stock
We assign a technical rating of 3 out of 10 to BITF. BITF has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- BITF is one of the better performing stocks in the Software industry, it outperforms 83% of 68 stocks in the same industry.
- BITF has an average volume of 5670220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When compared to the yearly performance of all other stocks, BITF outperforms 52% of them, which is more or less in line with the market.
- 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 3.18 - 4.49 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 poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.38
3 important support areas can be observed.
- Support @3.71 from a horizontal line in the daily time frame.
- Support @3.51 from a trend line in the daily time frame.
- Support @3.41 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.81 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.13 to 4.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.23 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for BITF.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITF.CA is down. |
| ChartMill Relative Strength | 52.22 | NEUTRAL | BITF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BITF.CA is below 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 | POSITIVE | The current price of BITF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.53 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 45.1 | 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) | 13.1 | NEGATIVE | The low ADX value for BITF.CA suggests a weak or negative trend. |
TSX:BITF (1/21/2026, 7:00:00 PM)
3.75
+0.03 (+0.81%)
BITFARMS LTD/CANADA / BITF.CA FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 3 / 10 to BITF.CA.
What is the trend direction for BITF 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 46.5312. 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 hold as the short term and long term trends are mixed.
What is the support and resistance level for BITF stock?
BITFARMS LTD/CANADA (BITF.CA) has a support level at 3.71 and a resistance level at 3.81. Check the full technical report for our detailed analysis of BITF.CA support and resistance levels.