BITFARMS LTD/CANADA (BITF.CA) Stock Technical Analysis
TSX:BITF - Toronto Stock Exchange - CA09173B1076 - Common Stock - Currency: CAD
Taking everything into account, BITF scores 0 out of 10 in our technical rating. BITF's overall performance in the market is below average. Also 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.
97% of all other stocks performed better in the past year than BITF.
BITF is one of the lesser performing stocks in the Software industry. 92% of 66 stocks in the same industry do better.
BITF is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month BITF has a been trading in the 1.83 - 2.44 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 3194990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
BITF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for BITF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.85
4.09
5 important resistance areas can be observed.
- A resistance zone ranging from 2.01 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.82 from a trend line in the weekly time frame.
- Resistance @3.38 from a trend line in the daily time frame.
- Resistance @3.53 from a trend line in the daily time frame.
- Resistance @4.05 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.95
Mansfield-4.03
10 Day High2.14
10 Day Low1.83
20 Day High2.44
20 Day Low1.83
52 Week High5.25
52 Week Low1.83
Performance
1 Week-6.03%
2 Weeks-8.33%
1 Month-19.74%
3 Month-36.82%
6 Month-42.99%
12 Month-54.28%
2 Year47.24%
3 Year-61.12%
5 Year233.93%
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)33.9
LBB1.87
UBB2.13
TSX:BITF (2/21/2025, 7:00:00 PM)
1.87
-0.11 (-5.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.56%
1 Week-6.03%
2 Weeks-8.33%
1 Month-19.74%
3 Month-36.82%
6 Month-42.99%
12 Month-54.28%
2 Year47.24%
3 Year-61.12%
5 Year233.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.09%
ATR Inc4.48%
Range Today0.17
ADR(20)0.13
ADR(20)%6.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.95
Mansfield-4.03
10 Day High2.14
10 Day Low1.83
20 Day High2.44
20 Day Low1.83
52 Week High5.25
52 Week Low1.83
CS1 EndN/A
CR1 Start2.01
Volume & EV
DER(3)9.65%
DER(5)5.8%
Volume2.03M
Volume Incr-45.95%
Vol(5)1.53M
Vol(50)3.19M