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Stock Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Bitfarms Ltd. (NASDAQ:BITF)

Bear Market Rally (-75) - BITF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BITF as it may be in the beginning 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.

NASDAQ_BITF
Open High Low BITF Price Change
1.5700 1.5900 1.4900 1.4982 -0.2218
Entry Signal

MarketClub’s Trade Triangles for BITF

long term down The long-term trend has been DOWN since Jan 6th, 2022 at 4.4048

intermediate term up The intermediate-term trend has been UP since Jul 20th, 2022 at 1.5000

short term down The short-term trend has been DOWN since Aug 18th, 2022 at 1.7700

Smart Scan Analysis for BITF

Based on our trend formula, BITF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5700 1.5900 1.4900 1.4982 -0.2218
Prev. Close Volume Bid Ask Time
1.7200 4504631 2022-08-19 15:59:41
52wk High9.3652wk High Date2021-11-10
52wk Low1.0452wk Low Date2022-07-05
Average Volume5,348,982Shares Outstanding198,999
Assets322,430,000MLiabilities40,614,000M
P/E Ratio13.2308
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