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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
2x Bitcoin Strategy ETF (BATS:BITX)
Sidelines Mode (-55) - BITX 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 BITX?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITX.
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 BITX
The long-term trend has been UP since Oct 24th, 2023 at 16.40
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 43.62
The short-term trend has been UP since May 3rd, 2024 at 37.97
Smart Scan Analysis for BITX
Based on our trend formula, BITX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.00 | 39.11 | 37.69 | 38.18 | -1.29 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.47 | 3806763 | 2024-05-08 15:59:34 |
| 52wk High | 59.74 | 52wk High Date | 2024-03-13 |
| 52wk Low | 9.1757 | 52wk Low Date | 2023-09-11 |
| Average Volume | 5,125,347 |