Stock Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Bitfarms Ltd. (NASDAQ:BITF)
Countertrend Down (-85) - BITF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Sep 27th, 2023 at 1.01
The intermediate-term trend has been DOWN since Aug 4th, 2023 at 1.63
The short-term trend has been UP since Sep 28th, 2023 at 1.09
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||2.16||52wk High Date||2023-07-14|
|52wk Low||0.376||52wk Low Date||2022-12-27|
|Average Volume||5,843,628||Shares Outstanding||198,999|