Stock Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
ProShares Trust (PACF:BITO)
Long-Term Downtrend (-90) - BITO is in a strong downtrend that is likely to continue. While BITO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for BITO
The long-term trend has been DOWN since Nov 18th, 2021 at 37.34
The intermediate-term trend has been DOWN since Nov 18th, 2021 at 37.34
The short-term trend has been DOWN since Dec 2nd, 2021 at 35.98
Smart Scan Analysis for BITO
Based on our trend formula, BITO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||44.29||52wk High Date||2021-11-10|
|52wk Low||30.34||52wk Low Date||2021-12-06|