Bitfarms Stock Forecast - Daily Balance Of Power
| BITF Stock | USD 2.11 0.06 2.93% |
Bitfarms Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Bitfarms' historical fundamentals, such as revenue growth or operating cash flow patterns.
Bitfarms |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.82) | (0.86) |
| Check Bitfarms Volatility | Backtest Bitfarms | Trend Details |
Bitfarms Trading Date Momentum
| On November 15 2024 Bitfarms was traded for 2.25 at the closing time. The top price for the day was 2.28 and the lowest listed price was 2.10 . The trading volume for the day was 42 M. The trading history from November 15, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 6.64% . The overall trading delta against the current closing price is 1.42% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Bitfarms to competition |
Other Forecasting Options for Bitfarms
For every potential investor in Bitfarms, whether a beginner or expert, Bitfarms' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bitfarms Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bitfarms. Basic forecasting techniques help filter out the noise by identifying Bitfarms' price trends.Bitfarms Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bitfarms stock to make a market-neutral strategy. Peer analysis of Bitfarms could also be used in its relative valuation, which is a method of valuing Bitfarms by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bitfarms Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bitfarms' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bitfarms' current price.| Cycle Indicators | ||
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| Volume Indicators |
Bitfarms Market Strength Events
Market strength indicators help investors to evaluate how Bitfarms stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitfarms shares will generate the highest return on investment. By undertsting and applying Bitfarms stock market strength indicators, traders can identify Bitfarms entry and exit signals to maximize returns.
| Accumulation Distribution | 4.9 M | |||
| Daily Balance Of Power | 0.3158 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 2.05 | |||
| Day Typical Price | 2.07 | |||
| Price Action Indicator | 0.085 | |||
| Period Momentum Indicator | 0.06 |
Bitfarms Risk Indicators
The analysis of Bitfarms' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bitfarms' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bitfarms stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.65 | |||
| Standard Deviation | 6.05 | |||
| Variance | 36.56 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Bitfarms to cross-verify your projections. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.493 | Quarterly Revenue Growth 0.296 | Return On Assets (0.13) | Return On Equity (0.31) |
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.