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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Bitwise Bitcoin ETF Common Shares of Beneficial Interest (PACF:BITB)
Sidelines Mode (-55) - BITB 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 BITB?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITB.
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 BITB
The long-term trend has been UP since Feb 9th, 2024 at 25.53
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 35.20
The short-term trend has been UP since May 3rd, 2024 at 33.52
Smart Scan Analysis for BITB
Based on our trend formula, BITB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 33.840 | 34.255 | 33.675 | 33.890 | -0.470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.360 | 1063216 | 2024-05-08 15:59:34 |
| 52wk High | 40.16 | 52wk High Date | 2024-03-13 |
| 52wk Low | 21.05 | 52wk Low Date | 2024-01-23 |
| Average Volume | 2,214,122 |