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.
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Trend Table & Recent EOD Trading Signals

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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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 Coin Cryptocurrency 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 1.15
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
Fundamentals Value
Market Cap 252.88 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) 3.325
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