Stock Trend Analysis Report
Prepared for you on Thursday, January 21, 2021.
Bitfarms Ltd. (CDNX:BITF)
Sidelines Mode (+55) - BITF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for BITF
The long-term trend has been UP since Oct 30th, 2020 at 0.53
The intermediate-term trend has been UP since Oct 21st, 2020 at 0.35
The short-term trend has been DOWN since Jan 19th, 2021 at 4.06
Smart Scan Analysis for BITF
Based on our trend formula, BITF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).