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Stock Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

ProShares Trust ProShares Short Bitcoin Strategy ETF (PACF:BITI)

Strong Downtrend (-100) - BITI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BITI continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BITI?

MarketClub looks at technical strength and momentum to determine if the timing is right for BITI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

PACF_BITI
Open High Low BITI Price Change
7.6900 7.7581 7.5400 7.6050 -0.2250
Entry Signal

MarketClub’s Trade Triangles for BITI

long term down The long-term trend has been DOWN since Jan 12th, 2023 at 34.380

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 7.705

short term down The short-term trend has been DOWN since May 13th, 2024 at 8.140

Smart Scan Analysis for BITI

Based on our trend formula, BITI is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for BITI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.6900 7.7581 7.5400 7.6050 -0.2250
Prev. Close Volume Bid Ask Time
7.6000 6726983 2024-05-17 15:59:12
52wk High23.2352wk High Date2023-06-15
52wk Low7.1752wk Low Date2024-04-08
Average Volume8,220,672
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