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Stock Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Bitfarms Ltd. (NASDAQ:BITF)

Long-Term Uptrend (+90) - BITF is in a strong uptrend that is likely to continue. While BITF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

NASDAQ_BITF
Open High Low BITF Price Change
2.86 2.88 2.77 2.79 0.00
Entry Signal

MarketClub’s Trade Triangles for BITF

long term up The long-term trend has been UP since Jun 17th, 2024 at 3.025

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 1.980

short term up The short-term trend has been UP since Jul 15th, 2024 at 2.570

Smart Scan Analysis for BITF

Based on our trend formula, BITF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.86 2.88 2.77 2.79 0.00
Prev. Close Volume Bid Ask Time
2.79 6382804 2024-07-22 10:17:47
52wk High3.9152wk High Date2024-02-27
52wk Low0.91952wk Low Date2023-10-13
Average Volume22,439,129Shares Outstanding198,999
Assets332,797,000MLiabilities45,297,000M
P/E Ratio8.6923
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