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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bitfarms Ltd. (NASDAQ:BITF)
Strong Downtrend (-100) - BITF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BITF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BITF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BITF
The long-term trend has been DOWN since Apr 10th, 2024 at 1.90
The intermediate-term trend has been DOWN since Mar 4th, 2024 at 2.74
The short-term trend has been DOWN since May 8th, 2024 at 1.82
Smart Scan Analysis for BITF
Based on our trend formula, BITF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.80 | 1.83 | 1.74 | 1.81 | -0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.80 | 12472178 | 2024-05-08 15:59:37 |
| 52wk High | 3.91 | 52wk High Date | 2024-02-27 |
| 52wk Low | 0.919 | 52wk Low Date | 2023-10-13 |
| Average Volume | 16,105,886 | Shares Outstanding | 198,999 |
| Assets | 332,797,000M | Liabilities | 45,297,000M |
| P/E Ratio | 8.6923 |