Technical Analysis for BITF - Bitfarms Ltd

Grade Last Price % Change Price Change
F 2.700 -9.40% -0.280
BITF closed down 9.4 percent on Thursday, October 31, 2024, on 1.35 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
Earnings due: Nov 5
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Gapped Down Weakness 0.00%
200 DMA Resistance Bearish -9.40%
MACD Bullish Centerline Cross Bullish -9.40%
Calm After Storm Range Contraction -9.40%
Stochastic Reached Overbought Strength -9.40%
Upper Bollinger Band Walk Strength -9.40%
Weak + Overbought Other -9.40%
Overbought Stochastic Strength -9.40%

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Profile

Bitfarms Ltd., through its subsidiaries, engages in the mining of cryptocurrency coins and tokens. It owns and operates server farms that primarily support the validation and verification of transactions on the Bitcoin blockchain, earning cryptocurrency tokens for providing this service. The company's server farms mine the cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, and Dash. It also provides electrician services to commercial and residential customers in Quebec. The company was founded in 2017 and is headquartered in Brossard, Canada.
Classification

Sector: Financial Services
Industry: Capital Markets
Keywords: Mining Currency Residential Cryptocurrencies Farm Blockchain Bitcoin Digital Currencies Server Cryptocurrency Coin Dash Alternative Currencies Coins

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 5.25
52 Week Low 1.37
Average Volume 2,586,830
200-Day Moving Average 3.153
50-Day Moving Average 2.832
20-Day Moving Average 2.733
10-Day Moving Average 2.709
Average True Range 0.186
RSI (14) 47.64
ADX 18.06
+DI 33.037
-DI 31.984
Chandelier Exit (Long, 3 ATRs) 2.728
Chandelier Exit (Short, 3 ATRs) 2.932
Upper Bollinger Bands 3.132
Lower Bollinger Band 2.333
Percent B (%b) 0.46
BandWidth 29.219
MACD Line 0.004
MACD Signal Line -0.039
MACD Histogram 0.043
Fundamentals Value
Market Cap 231.45 Million
Num Shares 85.7 Million
EPS
Price-to-Sales 1.43
Price-to-Book 2.26
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.060
Resistance 3 (R3) 3.090 3.000 3.000
Resistance 2 (R2) 3.000 2.908 2.985 2.980
Resistance 1 (R1) 2.850 2.852 2.805 2.820 2.960
Pivot Point 2.760 2.760 2.738 2.745 2.760
Support 1 (S1) 2.610 2.668 2.565 2.580 2.440
Support 2 (S2) 2.520 2.612 2.505 2.420
Support 3 (S3) 2.370 2.520 2.400
Support 4 (S4) 2.340