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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
ProShares Bitcoin Strategy ETF (PACF:BITO)
Sidelines Mode (-55) - BITO 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 BITO?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITO.
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 BITO
The long-term trend has been UP since Oct 24th, 2023 at 17.15
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 28.41
The short-term trend has been UP since May 6th, 2024 at 25.31
Smart Scan Analysis for BITO
Based on our trend formula, BITO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.160 | 25.520 | 25.060 | 25.235 | -0.375 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.220 | 5282682 | 2024-05-08 15:59:37 |
| 52wk High | 33.79 | 52wk High Date | 2024-03-13 |
| 52wk Low | 12.79 | 52wk Low Date | 2023-09-11 |
| Average Volume | 10,481,311 | Shares Outstanding | 66,050 |