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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.

Open High Low BITF Price Change
5.4600 5.5000 5.0800 5.2414 -0.2386
Entry Signal

MarketClub’s Trade Triangles for BITF

long term up The long-term trend has been UP since Aug 2nd, 2021 at 4.4700

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 5.5300

short term down 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).

Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4600 5.5000 5.0800 5.2414 -0.2386
Prev. Close Volume Bid Ask Time
5.2500 5378212 2021-10-22 15:59:51
52wk High1052wk High Date2020-12-28
52wk Low0.270852wk Low Date2020-10-23
Average Volume6,980,143Shares Outstanding144,998
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