Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
ProShares Trust ProShares UltraShort Bitcoin ETF (PACF:SBIT)
Weak Uptrend (+65) - SBIT is showing signs of weakening momentum to the upside. Monitor SBIT as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SBIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SBIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SBIT
The long-term trend has been UP since Apr 15th, 2024 at 44.65
The intermediate-term trend has been UP since Apr 15th, 2024 at 44.65
The short-term trend has been DOWN since May 3rd, 2024 at 48.57
Smart Scan Analysis for SBIT
Based on our trend formula, SBIT is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
+65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 44.32 | 45.25 | 43.12 | 45.06 | +0.43 |
| Prev. Close | Volume | Bid | Ask | Time |
| 44.98 | 146750 | 2024-05-07 15:58:05 |
| 52wk High | 56.56 | 52wk High Date | 2024-05-01 |
| 52wk Low | 36.23 | 52wk Low Date | 2024-04-08 |
| Average Volume | 243,362 |
Get a free daily analysis and signals for ProShares Trust ProShares UltraShort Bitcoin ETF (SBIT) - Request Your Free Report.