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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
ProShares Trust ProShares UltraShort Bitcoin ETF (PACF:SBIT)
Countertrend Up (+85) - SBIT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SBIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SBIT.
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 SBIT
The long-term trend has been UP since Apr 15th, 2024 at 44.65
The intermediate-term trend has been UP since Apr 15th, 2024 at 44.65
The short-term trend has been DOWN since May 3rd, 2024 at 48.57
Smart Scan Analysis for SBIT
Based on our trend formula, SBIT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.3600 | 46.7500 | 45.3800 | 46.2101 | +1.2301 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.3300 | 151735 | 2024-05-08 15:59:28 |
| 52wk High | 56.56 | 52wk High Date | 2024-05-01 |
| 52wk Low | 36.23 | 52wk Low Date | 2024-04-08 |
| Average Volume | 243,362 |