BITFARMS LTD/CANADA (BITF.CA) Stock Technical Analysis
TSX:BITF - Toronto Stock Exchange - CA09173B1076 - Common Stock - Currency: CAD
Overall BITF gets a technical rating of 4 out of 10. In the past year, BITF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
88% of all other stocks performed better in the past year than BITF.
BITF is part of the Software industry. There are 64 other stocks in this industry, of which 73% are performing better than BITF.
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.
In the last month BITF has a been trading in the 0.98 - 1.57 range, which is quite wide. It is currently trading near the high of this range.
BITF has an average volume of 1448510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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.
More info and screens
1.03
2.21
We found 3 important support areas.
- A support zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.33 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.04 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.60 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.04 from a trend line in the weekly time frame.
- Resistance @2.19 from a trend 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 | UP | POSITIVE | The short term trend for BITF.CA is up. |
| ChartMill Relative Strength | 12.9 | NEGATIVE | BITF.CA has a low relative strength, it was outperformed by 87.1% 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) | DOWN | NEGATIVE | The current price of BITF.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.33 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 87.81 | OVERBOUGHT | The high Stochastics value suggests BITF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for BITF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.49 | POSITIVE | The high ADX value value for BITF.CA suggests a strong trend. |
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)
TSX:BITF (7/11/2025, 7:00:00 PM)
1.46
-0.01 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.68%
1 Week5.8%
2 Weeks33.94%
1 Month23.73%
3 Month30.36%
6 Month-37.07%
12 Month-57.56%
2 Year-39.92%
3 Year-20.22%
5 Year239.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%5.6%
ATR Inc25.2%
Range Today0.11
ADR(20)0.08
ADR(20)%5.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.9
Mansfield-3.92
10 Day High1.57
10 Day Low1.02
20 Day High1.57
20 Day Low0.98
52 Week High4.3
52 Week Low0.96
CS1 End1.45
CR1 Start1.6
Volume & EV
DER(3)4.61%
DER(5)1.94%
Volume1.76M
Volume Incr35.12%
Vol(5)1.66M
Vol(50)1.45M