Stock Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Bitfarms Ltd. (NASDAQ:BITF)
Countertrend Up (+85) - BITF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 2nd, 2021 at 4.4700
The intermediate-term trend has been UP since Oct 18th, 2021 at 5.5300
The short-term trend has been DOWN since Oct 22nd, 2021 at 5.2701
Smart Scan Analysis for BITF
Based on our trend formula, BITF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||10||52wk High Date||2020-12-28|
|52wk Low||0.2708||52wk Low Date||2020-10-23|
|Average Volume||6,980,143||Shares Outstanding||144,998|