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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
ProShares Trust ProShares Ultra Bitcoin ETF (PACF:BITU)
Countertrend Down (-85) - BITU is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid BITU?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITU.
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 BITU
The long-term trend has been DOWN since Apr 12th, 2024 at 35.30
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 35.30
The short-term trend has been UP since May 3rd, 2024 at 29.94
Smart Scan Analysis for BITU
Based on our trend formula, BITU is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 31.7000 | 32.4500 | 30.9500 | 31.0828 | -0.1872 |
| Prev. Close | Volume | Bid | Ask | Time |
| 31.2000 | 357339 | 2024-05-07 15:59:36 |
| 52wk High | 42.47 | 52wk High Date | 2024-04-08 |
| 52wk Low | 25.2 | 52wk Low Date | 2024-05-01 |
| Average Volume | 776,959 |