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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
ProShares Trust ProShares Short Bitcoin Strategy ETF (PACF:BITI)
Sidelines Mode (+55) - BITI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BITI?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BITI
The long-term trend has been DOWN since Jan 12th, 2023 at 34.38
The intermediate-term trend has been UP since Apr 15th, 2024 at 8.07
The short-term trend has been DOWN since May 3rd, 2024 at 8.43
Smart Scan Analysis for BITI
Based on our trend formula, BITI is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.2900 | 8.3278 | 8.1700 | 8.2652 | +0.1052 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.2700 | 5645844 | 2024-05-08 15:59:01 |
| 52wk High | 23.23 | 52wk High Date | 2023-06-15 |
| 52wk Low | 7.17 | 52wk Low Date | 2024-04-08 |
| Average Volume | 9,186,222 |