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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.

CDNX_BITF
Open High Low BITF Price Change
6.46 6.78 6.32 6.64 +0.45
Entry Signal

MarketClub’s Trade Triangles for BITF

long term up The long-term trend has been UP since Aug 9th, 2021 at 8.88

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 6.57

short term up 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).

+65
Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.46 6.78 6.32 6.64 +0.45
Prev. Close Volume Bid Ask Time
6.64 1784181 2021-10-15 16:23:23
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