Stock Trend Analysis Report
Prepared for you on Saturday, April 17, 2021.
Bitfarms Ltd. (CDNX:BITF)
Weak Downtrend (-65) - BITF is showing signs of a strengthening downtrend. Monitor BITF as it may be building momentum to the downside.
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 DOWN since Apr 14th, 2021 at 5.40
The short-term trend has been DOWN since Apr 13th, 2021 at 6.31
Smart Scan Analysis for BITF
Based on our trend formula, BITF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).