Technical Analysis for BITF - Bitfarms Ltd.

Grade Last Price % Change Price Change
C 2.17 -2.69% -0.06
BITF closed down 2.69 percent on Wednesday, November 20, 2024, on 2.83 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
20 DMA Support Bullish 0.00%
Wide Bands Range Expansion 0.00%
200 DMA Resistance Bearish -2.69%
20 DMA Support Bullish -2.69%
50 DMA Support Bullish -2.69%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.69%
Pocket Pivot Bullish Swing Setup -2.69%
Calm After Storm Range Contraction -2.69%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 21 hours ago
3x Volume Pace about 21 hours ago
Down 5% about 21 hours ago
60 Minute Opening Range Breakdown about 22 hours ago
Down 3% about 22 hours ago

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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 1.01
Average Volume 28,089,357
200-Day Moving Average 2.29
50-Day Moving Average 2.06
20-Day Moving Average 2.14
10-Day Moving Average 2.30
Average True Range 0.22
RSI (14) 50.74
ADX 16.15
+DI 25.14
-DI 19.59
Chandelier Exit (Long, 3 ATRs) 2.10
Chandelier Exit (Short, 3 ATRs) 2.37
Upper Bollinger Bands 2.61
Lower Bollinger Band 1.67
Percent B (%b) 0.53
BandWidth 43.88
MACD Line 0.06
MACD Signal Line 0.06
MACD Histogram -0.0023
Fundamentals Value
Market Cap 699.02 Million
Num Shares 322 Million
EPS -0.25
Price-to-Earnings (P/E) Ratio -8.68
Price-to-Sales 6.89
Price-to-Book 2.82
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.52
Resistance 3 (R3) 2.53 2.43 2.46
Resistance 2 (R2) 2.43 2.34 2.42 2.44
Resistance 1 (R1) 2.30 2.29 2.25 2.29 2.42
Pivot Point 2.20 2.20 2.18 2.19 2.20
Support 1 (S1) 2.07 2.11 2.02 2.06 1.92
Support 2 (S2) 1.97 2.06 1.96 1.90
Support 3 (S3) 1.84 1.97 1.88
Support 4 (S4) 1.83