Technical Analysis for BITF - Bitfarms Ltd
Grade | Last Price | % Change | Price Change |
---|---|---|---|
D | 2.950 | 0.34% | 0.010 |
BITF closed up 0.34 percent on Wednesday, March 27, 2024, on 76 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. 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.
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Down | Down |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Hammer Candlestick | Bullish | 0.00% | |
Stochastic Reached Oversold | Weakness | 0.00% | |
Wide Bands | Range Expansion | 0.00% | |
Oversold Stochastic | Weakness | 0.00% | |
Wide Bands | Range Expansion | 0.34% | |
Down 3 Days in a Row | Weakness | 0.34% | |
Down 4 Days in a Row | Weakness | 0.34% | |
Outside Day | Range Expansion | -4.84% | |
Wide Bands | Range Expansion | -4.84% | |
Down 3 Days in a Row | Weakness | -4.84% |
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Basic chart:
- Earnings date: 2024-03-19
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.
Sector: Financial Services
Industry: Capital Markets
Keywords: Mining Currency Residential Cryptocurrencies Farm Blockchain Bitcoin Digital Currencies Server Coin Cryptocurrency Dash Alternative Currencies Coins
Classification
Sector: Financial Services
Industry: Capital Markets
Keywords: Mining Currency Residential Cryptocurrencies Farm Blockchain Bitcoin Digital Currencies Server Coin Cryptocurrency Dash Alternative Currencies Coins
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 5.25 |
52 Week Low | 1.15 |
Average Volume | 5,166,217 |
200-Day Moving Average | 2.474 |
50-Day Moving Average | 3.478 |
20-Day Moving Average | 3.288 |
10-Day Moving Average | 3.087 |
Average True Range | 0.311 |
RSI (14) | 39.76 |
ADX | 14.75 |
+DI | 20.351 |
-DI | 29.557 |
Chandelier Exit (Long, 3 ATRs) | 4.317 |
Chandelier Exit (Short, 3 ATRs) | 3.723 |
Upper Bollinger Bands | 3.867 |
Lower Bollinger Band | 2.708 |
Percent B (%b) | 0.21 |
BandWidth | 35.237 |
MACD Line | -0.196 |
MACD Signal Line | -0.165 |
MACD Histogram | -0.0317 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 3.325 | ||||
Resistance 3 (R3) | 3.313 | 3.177 | 3.263 | ||
Resistance 2 (R2) | 3.177 | 3.081 | 3.183 | 3.242 | |
Resistance 1 (R1) | 3.063 | 3.022 | 2.995 | 3.075 | 3.221 |
Pivot Point | 2.927 | 2.927 | 2.893 | 2.933 | 2.927 |
Support 1 (S1) | 2.813 | 2.831 | 2.745 | 2.825 | 2.679 |
Support 2 (S2) | 2.677 | 2.772 | 2.683 | 2.658 | |
Support 3 (S3) | 2.563 | 2.677 | 2.638 | ||
Support 4 (S4) | 2.575 |