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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
ProShares Trust ProShares UltraShort Bitcoin ETF (PACF:SBIT)
Long-Term Downtrend (-90) - SBIT is in a strong downtrend that is likely to continue. While SBIT 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 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 36.2300
The intermediate-term trend has been DOWN since Sep 19th, 2024 at 32.9601
The short-term trend has been DOWN since Nov 6th, 2024 at 23.9800
Smart Scan Analysis for SBIT
Based on our trend formula, SBIT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.25 | 13.39 | 12.51 | 12.99 | -0.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.99 | 3333719 | 2024-11-19 15:59:24 |
| 52wk High | 56.56 | 52wk High Date | 2024-05-01 |
| 52wk Low | 12.745 | 52wk Low Date | 2024-11-13 |
| Average Volume | 2,630,770 |