BITFARMS LTD/CANADA (BITF)
CA09173B1076 - Common Stock
We assign a technical rating of 2 out of 10 to BITF. Although BITF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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.
In the last month BITF has a been trading in the 1.66 - 2.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BITF has an average volume of 23490100 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 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BITF is an average performer in the Software industry, it outperforms 69% of 276 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
The technical rating of BITF is bad and it also does not present a 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
1.16
3.55
We found 3 important support areas.
- A support zone ranging from 1.79 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.32 from a trend line in the weekly time frame.
- Support @1.17 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.88 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.51 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.12
Mansfield-0.69
10 Day High2.14
10 Day Low1.71
20 Day High2.21
20 Day Low1.66
52 Week High3.91
52 Week Low0.92
Performance
1 Week-10.22%
2 Weeks-4.76%
1 Month-16.86%
3 Month-19.64%
6 Month53.85%
12 Month55.17%
2 Year-10.45%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)37.77
LBB1.64
UBB2.14
BITFARMS LTD/CANADA
NASDAQ:BITF (5/2/2024, 7:00:01 PM)
After market: 1.7909 -0.01 (-0.51%)1.8
+0.02 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.12%
1 Week-10.22%
2 Weeks-4.76%
1 Month-16.86%
3 Month-19.64%
6 Month53.85%
12 Month55.17%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.13
ATR(20)%7.13%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.14
10 Day Low1.71
20 Day High2.21
20 Day Low1.66
52 Week High3.91
52 Week Low0.92
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.79M
Volume Incr-31.24%
Vol(5)13.38M
Vol(50)23.49M