Technical Analysis for BITF - Bitfarms Ltd

Grade Last Price % Change Price Change
F 2.370 -2.47% -0.060
BITF closed down 2.47 percent on Friday, May 17, 2024, on 1.47 times normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup -2.47%
Inside Day Range Contraction -2.47%
Gapped Down Weakness -2.47%
MACD Bullish Signal Line Cross Bullish -6.69%
Stochastic Buy Signal Bullish -6.69%
Pocket Pivot Bullish Swing Setup -6.69%
Gapped Up Strength -6.69%
Oversold Stochastic Weakness -6.69%
Lower Bollinger Band Walk Weakness 7.73%
Earnings Movers Other 7.73%

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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 1.26
Average Volume 2,853,879
200-Day Moving Average 2.565
50-Day Moving Average 2.767
20-Day Moving Average 2.540
10-Day Moving Average 2.429
Average True Range 0.181
RSI (14) 42.20
ADX 16.66
+DI 22.172
-DI 27.365
Chandelier Exit (Long, 3 ATRs) 2.376
Chandelier Exit (Short, 3 ATRs) 2.664
Upper Bollinger Bands 2.910
Lower Bollinger Band 2.170
Percent B (%b) 0.27
BandWidth 29.142
MACD Line -0.122
MACD Signal Line -0.130
MACD Histogram 0.0074
Fundamentals Value
Market Cap 203.16 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) 2.610
Resistance 3 (R3) 2.637 2.583 2.570
Resistance 2 (R2) 2.583 2.522 2.570 2.557
Resistance 1 (R1) 2.477 2.484 2.450 2.450 2.543
Pivot Point 2.423 2.423 2.410 2.410 2.423
Support 1 (S1) 2.317 2.362 2.290 2.290 2.197
Support 2 (S2) 2.263 2.324 2.250 2.183
Support 3 (S3) 2.157 2.263 2.170
Support 4 (S4) 2.130