2.8 USD
-0.09 (-3.11%)
2.82 USD
+0.02 (+0.71%)
Overall BITF gets a technical rating of 3 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
BITF is one of the better performing stocks in the Software industry, it outperforms 84% of 276 stocks in the same industry.
In the last month BITF has a been trading in the 2.24 - 3.04 range, which is quite wide. It is currently trading near the high of this range.
BITF has an average volume of 57804700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BITF is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BITF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
2.40
2.93
We found 1 important support area.
- A support zone ranging from 2.42 to 2.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @2.90 from a horizontal 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITF is neutral. |
| ChartMill Relative Strength | 79.17 | POSITIVE | BITF has a high relative strength, it outperformed 79.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BITF is above a declining 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) | 51.08 | NEUTRAL | The RSI value for BITF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BITF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.13 | NEUTRAL | The Stochastics value for BITF is a neutral value. |
| Average True Range in percent/ATR (20) | 8.3 | HIGH VOLATILITY | The high ATR as a percentage value for BITF suggests high volalility. |
| Average Directional Index/ADX (14) | 13.56 | NEGATIVE | The low ADX value for BITF suggests a weak or negative 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)
2.8
-0.09 (-3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.11%
1 Week7.69%
2 Weeks4.87%
1 Month-4.76%
3 Month-33.33%
6 Month161.68%
12 Month73.91%
2 Year20.17%
3 Year183.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%8.3%
ATR Inc22%
Range Today0.24
ADR(20)0.22
ADR(20)%7.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.17
3 months CRS8.65
6 months CRS98.18
Mansfield4.14
10 Day High3.04
10 Day Low2.32
20 Day High3.04
20 Day Low2.24
52 Week High6.6
52 Week Low0.67
CS1 End2.47
CR1 Start2.9
Volume & EV
DER(3)-0.95%
DER(5)0.68%
Volume37.24M
Volume Incr12.28%
Vol(5)43.95M
Vol(50)57.80M
BITFARMS LTD/CANADA / BITF 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 Bullish.
Can you provide the RSI signal for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF) has an RSI value of 51.0843. 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 2.47 and a resistance level at 2.9. Check the full technical report for our detailed analysis of BITF support and resistance levels.