Technical Analysis for BITF - Bitfarms Ltd

Grade Last Price % Change Price Change
C 3.030 -2.57% -0.080
BITF closed down 2.57 percent on Wednesday, November 20, 2024, on 1.62 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%
Calm After Storm Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
200 DMA Resistance Bearish -2.57%
20 DMA Support Bullish -2.57%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.57%
Calm After Storm Range Contraction -2.57%
Wide Bands Range Expansion -2.57%

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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 3,484,358
200-Day Moving Average 3.148
50-Day Moving Average 2.812
20-Day Moving Average 2.989
10-Day Moving Average 3.216
Average True Range 0.287
RSI (14) 51.22
ADX 17.86
+DI 26.177
-DI 20.242
Chandelier Exit (Long, 3 ATRs) 2.988
Chandelier Exit (Short, 3 ATRs) 3.247
Upper Bollinger Bands 3.657
Lower Bollinger Band 2.321
Percent B (%b) 0.53
BandWidth 44.670
MACD Line 0.098
MACD Signal Line 0.099
MACD Histogram -0.0007
Fundamentals Value
Market Cap 259.73 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) 3.465
Resistance 3 (R3) 3.490 3.370 3.393
Resistance 2 (R2) 3.370 3.259 3.358 3.368
Resistance 1 (R1) 3.200 3.191 3.140 3.175 3.344
Pivot Point 3.080 3.080 3.050 3.068 3.080
Support 1 (S1) 2.910 2.969 2.850 2.885 2.716
Support 2 (S2) 2.790 2.901 2.778 2.692
Support 3 (S3) 2.620 2.790 2.668
Support 4 (S4) 2.595