BITFARMS LTD/CANADA (BITF) Stock Technical Analysis
USA - NASDAQ:BITF - CA09173B1076 - Common Stock
3.58 USD
-0.08 (-2.19%)
3.59 USD
+0.01 (+0.28%)
We assign a technical rating of 7 out of 10 to BITF. In the last year, BITF was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BITF has a been trading in the 3.29 - 6.60 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
BITF is part of the Software industry. There are 281 other stocks in this industry. BITF outperforms 94% of them.
BITF has an average volume of 102285000 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 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
Considerably lower volume is observed in the last couple of days.
Although BITF has an excellent technical rating, it 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
3.54
3.62
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 | 97.33 | POSITIVE | BITF has a high relative strength, it outperformed 97.33% 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 | POSITIVE | The current price of BITF is above 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) | 44.34 | NEUTRAL | The RSI value for BITF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BITF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.13 | OVERSOLD | The low Stochastics value suggests BITF may be oversold. |
| Average True Range in percent/ATR (20) | 16.5 | HIGH VOLATILITY | The high ATR as a percentage value for BITF suggests high volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for BITF 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)
3.58
-0.08 (-2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.19%
1 Week-12.9%
2 Weeks-21.15%
1 Month-33.58%
3 Month184.13%
6 Month211.3%
12 Month59.11%
2 Year150.35%
3 Year514.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%16.5%
ATR Inc-3.7%
Range Today0.51
ADR(20)0.54
ADR(20)%15.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.33
3 months CRS99.35
6 months CRS98.35
Mansfield9.12
10 Day High4.67
10 Day Low3.29
20 Day High6.6
20 Day Low3.29
52 Week High6.6
52 Week Low0.67
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-1.21%
DER(5)1.51%
Volume52.83M
Volume Incr-49.4%
Vol(5)65.95M
Vol(50)102.28M
BITFARMS LTD/CANADA / BITF FAQ
Can you provide the ChartMill technical rating for BITFARMS LTD/CANADA?
ChartMill assigns a technical rating of 7 / 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 44.3352. This indicates that the stock is currently neutral.