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Stock Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
ProShares Bitcoin Strategy ETF (PACF:BITO)
Bear Market Rally (-75) - BITO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BITO as it may be in the beginning of a reversal.
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 DOWN since Aug 18th, 2023 at 13.90
The intermediate-term trend has been DOWN since Jul 17th, 2023 at 16.01
The short-term trend has been DOWN since Sep 21st, 2023 at 13.66
Smart Scan Analysis for BITO
Based on our trend formula, BITO is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.670 | 13.720 | 13.610 | 13.625 | -0.045 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.620 | 4136388 | 2023-09-22 15:59:56 |
| 52wk High | 18.385 | 52wk High Date | 2023-04-14 |
| 52wk Low | 9.4796 | 52wk Low Date | 2022-11-21 |
| Average Volume | 10,429,868 | Shares Outstanding | 66,050 |