BITFARMS LTD/CANADA (BITF)
CA09173B1076 - Common Stock
Taking everything into account, BITF scores 6 out of 10 in our technical rating. Although BITF has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
BITF is one of the better performing stocks in the Software industry, it outperforms 72% of 279 stocks in the same industry.
BITF has an average volume of 29357800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that BITF is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 10 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.
In the last month BITF has a been trading in the 1.71 - 2.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, BITF does present a nice setup opportunity. 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
1.73
2.69
We found 3 important support areas.
- Support @1.83 from a trend line in the weekly time frame.
- Support @1.78 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.24 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.66 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.72
Mansfield-2.23
10 Day High2.76
10 Day Low2
20 Day High2.76
20 Day Low1.71
52 Week High3.91
52 Week Low1.03
Performance
1 Week-2.84%
2 Weeks-8.89%
1 Month3.02%
3 Month-15.98%
6 Month1.49%
12 Month91.59%
2 Year251.63%
3 Year-73.2%
5 YearN/A
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)-0.02
RSI(14)47.46
LBB1.7
UBB2.69
BITFARMS LTD/CANADA
NASDAQ:BITF (11/21/2024, 8:15:09 PM)
After market: 2.06 +0.01 (+0.49%)2.05
-0.12 (-5.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.53%
1 Week-2.84%
2 Weeks-8.89%
1 Month3.02%
3 Month-15.98%
6 Month1.49%
12 Month91.59%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.26
ATR(20)%11.69%
ATR Inc
Range Today0.29
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.76
10 Day Low2
20 Day High2.76
20 Day Low1.71
52 Week High3.91
52 Week Low1.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume70.55M
Volume Incr57.02%
Vol(5)59.42M
Vol(50)29.36M