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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.

Open High Low BITF Price Change
1.020 1.140 1.020 1.095 +0.055
Entry Signal

MarketClub’s Trade Triangles for BITF

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 1.01

intermediate term down The intermediate-term trend has been DOWN since Aug 4th, 2023 at 1.63

short term up 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).

Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.020 1.140 1.020 1.095 +0.055
Prev. Close Volume Bid Ask Time
1.040 6039725 2023-09-28 15:59:47
52wk High2.1652wk High Date2023-07-14
52wk Low0.37652wk Low Date2022-12-27
Average Volume5,843,628Shares Outstanding198,999
P/E Ratio8.6923
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