BITFARMS LTD/CANADA (BITF) Technical Analysis
NASDAQ:BITF • CA09173B1076
Current stock price
BITF Technical Rating and Analysis
Taking everything into account, BITF scores 4 out of 10 in our technical rating. 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.
- 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.
- BITF is one of the better performing stocks in the Software industry, it outperforms 96% of 277 stocks in the same industry.
- In the last month BITF has a been trading in the 1.94 - 2.41 range, which is quite wide. It is currently trading near the high of this range.
- BITF has an average volume of 36550800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, BITF did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BITF Weekly and Daily overview Charts
BITF Setup Rating and Analysis
Although the technical rating is only medium, BITF does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.38. Right above this resistance zone may be a good entry point.
More info and screens
BITF Support and Resistance Analysis
1.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.16 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.02 to 2.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.87 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.38 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.58 from a trend line in the daily time frame.
BITF 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 is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITF is neutral. |
| ChartMill Relative Strength | 94.35 | POSITIVE | BITF has a high relative strength, it outperformed 94.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITF is below a declining 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) | 55.84 | NEUTRAL | The RSI value for BITF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BITF has a positive trend. |
| Stochastics (14,3) | 75.42 | NEUTRAL | The Stochastics value for BITF is a neutral value. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for BITF suggests high volalility. |
| Average Directional Index/ADX (14) | 12.28 | NEGATIVE | The low ADX value for BITF suggests a weak or negative trend. |
BITF Chart- and CandleStick Pattern Analysis
BITF Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:BITF (3/18/2026, 2:57:08 PM)
2.33
-0.04 (-1.69%)
BITFARMS LTD/CANADA / BITF TA FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 4 / 10 to BITF.
What is the trend direction for BITF stock?
The current trend direction for BITFARMS LTD/CANADA (BITF) is Bearish.
Can you provide the RSI signal for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF) has an RSI value of 55.84. This indicates that the stock is currently neutral.
What are the support and resistance levels for BITFARMS LTD/CANADA (BITF) stock?
BITFARMS LTD/CANADA (BITF) has a support level at 2.17 and a resistance level at 2.38. Check the full technical report for our detailed analysis of BITF support and resistance levels.