Stock Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
BITFARMS LTD (TSE:BITF)
Long-Term Downtrend (-90) - BITF is in a strong downtrend that is likely to continue. While BITF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 May 4th, 2022 at 3.77
The intermediate-term trend has been DOWN since May 4th, 2022 at 3.77
The short-term trend has been DOWN since May 6th, 2022 at 3.59
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).