Taking everything into account, BITF scores 6 out of 10 in our technical rating. In the last year, BITF was one of the better performers, but we do observe some doubts in the very recent evolution.
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
1.88
2 important support areas can be observed.
- Support @2.54 from a trend line in the daily time frame.
- Support @1.90 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.49 to 3.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITF is neutral. |
| ChartMill Relative Strength | 97.03 | POSITIVE | BITF has a high relative strength, it outperformed 97.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BITF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.22 | NEUTRAL | The RSI value for BITF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BITF has a positive trend. |
| Stochastics (14,3) | 66.06 | NEUTRAL | The Stochastics value for BITF is a neutral value. |
| Average True Range in percent/ATR (20) | 11.32 | HIGH VOLATILITY | The high ATR as a percentage value for BITF suggests high volalility. |
| Average Directional Index/ADX (14) | 19.65 | NEGATIVE | The low ADX value for BITF suggests a weak or negative trend. |
3.1
-0.18 (-5.49%)
BITFARMS LTD/CANADA / BITF FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 6 / 10 to BITF.
What is the current trend direction of BITFARMS LTD/CANADA (BITF) stock?
The current trend direction for BITFARMS LTD/CANADA (BITF) is Bullish.
Can you provide the RSI signal for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF) has an RSI value of 50.2181. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF) has a support level at 2.54 and a resistance level at 3.49. Check the full technical report for our detailed analysis of BITF support and resistance levels.