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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Bitfarms Ltd. (NASDAQ:BITF)

Weak Downtrend (-65) - BITF is showing signs of a strengthening downtrend. Monitor BITF as it may be building momentum to the downside.

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
2.260 2.320 2.200 2.235 -0.025
Entry Signal

MarketClub’s Trade Triangles for BITF

long term up The long-term trend has been UP since Dec 1st, 2023 at 1.55

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2024 at 2.74

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 2.37

Smart Scan Analysis for BITF

Based on our trend formula, BITF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.260 2.320 2.200 2.235 -0.025
Prev. Close Volume Bid Ask Time
2.230 16341006 2024-03-18 15:59:54
52wk High3.9152wk High Date2024-02-27
52wk Low0.824152wk Low Date2023-04-10
Average Volume29,206,868Shares Outstanding198,999
Assets332,797,000MLiabilities45,297,000M
P/E Ratio8.6923
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