BITFARMS LTD/CANADA (BITF) Stock Technical Analysis
NASDAQ:BITF - Nasdaq - CA09173B1076 - Common Stock - Currency: USD
Overall BITF gets a technical rating of 0 out of 10. BITF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
92% of all other stocks performed better in the past year than BITF.
BITF is part of the Software industry. There are 285 other stocks in this industry, of which 77% are performing better than BITF.
BITF is currently trading near the lower end of its 52 week range, which is not a good sign. BITF is lagging the S&P500 Index which is trading in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
BITF has an average volume of 24890300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BITF has a been trading in the 0.67 - 1.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BITF is bad and it also does not present a 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
0.93
1.77
We can see 2 important resistance areas.
- Resistance @1.66 from a trend line in the weekly time frame.
- Resistance @1.75 from a trend 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
CRS8.92
Mansfield-4.64
10 Day High0.97
10 Day Low0.67
20 Day High1.11
20 Day Low0.67
52 Week High3.28
52 Week Low0.67
Performance
1 Week15.34%
2 Weeks24.64%
1 Month-14.55%
3 Month-42.33%
6 Month-50.53%
12 Month-52.04%
2 Year-18.97%
3 Year-67.36%
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)0.03
RSI(14)52.25
LBB0.7
UBB0.92
0.94
+0.11 (+12.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg12.59%
1 Week15.34%
2 Weeks24.64%
1 Month-14.55%
3 Month-42.33%
6 Month-50.53%
12 Month-52.04%
2 Year-18.97%
3 Year-67.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%10.04%
ATR Inc1.76%
Range Today0.11
ADR(20)0.09
ADR(20)%9.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.92
Mansfield-4.64
10 Day High0.97
10 Day Low0.67
20 Day High1.11
20 Day Low0.67
52 Week High3.28
52 Week Low0.67
CS1 EndN/A
CR1 Start1.66
Volume & EV
DER(3)6.79%
DER(5)4.33%
Volume16.59M
Volume Incr-45.74%
Vol(5)9.93M
Vol(50)24.89M