Technical Analysis for BITF - Bitfarms Ltd.

Grade Last Price % Change Price Change
D 2.27 5.09% 0.11
BITF closed down 0.92 percent on Wednesday, March 27, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Flat

Date Alert Name Type % Chg
Stochastic Reached Oversold Weakness 5.09%
Wide Bands Range Expansion 5.09%
Down 3 Days in a Row Weakness 5.09%
Down 4 Days in a Row Weakness 5.09%
Down 5 Days in a Row Weakness 5.09%
Oversold Stochastic Weakness 5.09%
Wide Bands Range Expansion 4.13%
Down 3 Days in a Row Weakness 4.13%
Down 4 Days in a Row Weakness 4.13%
Outside Day Range Expansion -0.87%

   Recent Intraday Alerts

Alert Time
20 DMA Resistance about 2 hours ago
Up 1 ATR about 2 hours ago
60 Minute Opening Range Breakout about 2 hours ago
Up 10% about 2 hours ago
2x Volume Pace about 3 hours ago

Get a Trading Sidekick!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
Classification

Sector: Financial Services
Industry: Capital Markets
Keywords: Mining Bitcoin Cryptocurrency Payment Systems Blockchain Decentralization Cryptography Digital Currencies

Is BITF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.91
52 Week Low 0.8241
Average Volume 26,345,094
200-Day Moving Average 1.84
50-Day Moving Average 2.58
20-Day Moving Average 2.43
10-Day Moving Average 2.28
Average True Range 0.24
RSI (14) 39.39
ADX 14.0
+DI 20.70
-DI 29.10
Chandelier Exit (Long, 3 ATRs) 3.19
Chandelier Exit (Short, 3 ATRs) 2.77
Upper Bollinger Bands 2.86
Lower Bollinger Band 2.00
Percent B (%b) 0.19
BandWidth 35.31
MACD Line -0.15
MACD Signal Line -0.13
MACD Histogram -0.0237
Fundamentals Value
Market Cap 695.8 Million
Num Shares 322 Million
EPS -0.25
Price-to-Earnings (P/E) Ratio -8.64
Price-to-Sales 6.89
Price-to-Book 2.82
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.45
Resistance 3 (R3) 2.44 2.34 2.40
Resistance 2 (R2) 2.34 2.27 2.34 2.38
Resistance 1 (R1) 2.25 2.22 2.20 2.26 2.37
Pivot Point 2.15 2.15 2.13 2.15 2.15
Support 1 (S1) 2.06 2.08 2.01 2.07 1.95
Support 2 (S2) 1.96 2.03 1.96 1.94
Support 3 (S3) 1.87 1.96 1.92
Support 4 (S4) 1.88