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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.

TSE_BITF
Open High Low BITF Price Change
2.47 2.47 2.18 2.32 -0.11
Entry Signal

MarketClub’s Trade Triangles for BITF

long term down The long-term trend has been DOWN since May 4th, 2022 at 3.77

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2022 at 3.77

short term down 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).

-90
Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.47 2.47 2.18 2.32 -0.11
Prev. Close Volume Bid Ask Time
2.34 1015452 2022-05-20 15:59:45
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