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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.

PACF_BITO
Open High Low BITO Price Change
31.950 32.550 31.665 32.240 +0.110
Entry Signal

MarketClub’s Trade Triangles for BITO

long term down The long-term trend has been DOWN since Nov 18th, 2021 at 37.34

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2021 at 37.34

short term down 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).

-90
Smart Scan Analysis for BITO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.950 32.550 31.665 32.240 +0.110
Prev. Close Volume Bid Ask Time
32.250 6141340 2021-12-08 15:59:55
52wk High44.2952wk High Date2021-11-10
52wk Low30.3452wk Low Date2021-12-06
Average Volume7,412,166
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