BITF Technical Signal Analysis
BITF have 3 buy signals and 2 sell signals now. The current trend is downtrend starting from 2025-02-18. The total price change during this trend is -17.86%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of BITF over last 5 trading day is $38,259,049.72
3 Bullish Signal
2 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
19.71
Bullish
Momentum (10 days)
MOM_10 > 0
0.02
Bullish
Moving Average
Price crosses above 10-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.19
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.09
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
19.71
Bullish
Momentum (10 days)
MOM_10 > 0
0.02
Bullish
Moving Average
Price crosses above 10-day SMA
--
Bullish
BITF Support and Resistance Level
The support levels for BITF are at 1.08, 1.02, and 0.93, while the resistance levels are at 1.26, 1.32, and 1.41. With the current stock price at 1.09, it is leaning more toward the support levels.
BITF Technical Analysis
Technical Analysis of BITF Stock
Price Overview:
- Current Price: $1.19
- Previous Close: $1.24
- High: $1.26
- Low: $1.08
Technical Indicators:
- RSI (14): 45.32 (Below 50, indicating potential bearish momentum)
- MACD: -0.10 (Bearish signal, but MACD histogram shows a small positive divergence)
- Fibonacci Pivot: $1.18 (Current price is below the pivot, suggesting resistance)
Candlestick Analysis:
- The recent price action shows a Doji candlestick, indicating indecision in the market. This could lead to a potential breakout or breakdown.
Volume Analysis:
- Volume: 42,959,931 (High volume, indicating strong interest and potential trend change)
Bollinger Bands:
- The bands are tightening, suggesting increased volatility. A break below the lower band could confirm a downtrend.
News Sentiment:
- Recent news includes increased borrow rates and mixed analyst sentiment, with H.C. Wainwright maintaining a Buy rating but cautioning on macroeconomic factors.
Conclusion:
Based on the technical analysis, BITF is in a bearish trend. The stock is trading below key resistance levels, and while there are some positive signals, the overall indicators suggest a sell.
Recommendation: Sell BITF at $1.19. Target: $1.08. Stop-loss: $1.26.
BITF FAQs
Which bull technical signals does BITF have?
Which bearish technical signals does BITF have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for BITF stock?
Is BITF a buy based on overall technical signals summary?
BITF Buy or Sell
BITF has 3 buy signals and 2 sell signals now. Overall the technical rating for BITF is Neutral.
Neutral
Sell
2
Buy
3
BITF Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 1.09 below the SMA_5. In the short term, the stock shows a negative trend with the 1.15 below the SMA_20. In the mid term, the stock shows a negative trend with the 1.23 below the SMA_60. In the long term, the stock shows a negative trend with the 1.49 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about BITF's current trend?What are BITF's key support and resistance levels?