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Stock Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
ProShares Trust ProShares UltraShort Bitcoin ETF (PACF:SBIT)
Bear Market Rally (-75) - SBIT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SBIT as it may be in the beginning 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.
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MarketClub’s Trade Triangles for SBIT
The long-term trend has been DOWN since May 20th, 2024 at 36.23
The intermediate-term trend has been UP since Dec 30th, 2024 at 12.19
The short-term trend has been DOWN since Jan 2nd, 2025 at 11.04
Smart Scan Analysis for SBIT
Based on our trend formula, SBIT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.970 | 11.110 | 10.620 | 10.675 | -1.135 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.810 | 5471905 | 2025-01-02 15:50:01 |
| 52wk High | 56.56 | 52wk High Date | 2024-05-01 |
| 52wk Low | 9 | 52wk Low Date | 2024-12-17 |
| Average Volume | 6,274,676 |