Stock Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Bitfarms Ltd. (CDNX:BITF)
Weak Uptrend (+65) - BITF is showing signs of weakening momentum to the upside. Monitor BITF as it may be in the beginning stages of a reversal.
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 Aug 9th, 2021 at 8.88
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 6.57
The short-term trend has been UP since Oct 15th, 2021 at 6.50
Smart Scan Analysis for BITF
Based on our trend formula, BITF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).