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Stock Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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

Long-Term Downtrend (-90) - BITI is in a strong downtrend that is likely to continue. While BITI 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 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
7.33 7.42 7.28 7.38 -0.25
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 Feb 7th, 2024 at 12.475

short term down The short-term trend has been DOWN since Mar 25th, 2024 at 7.780

Smart Scan Analysis for BITI

Based on our trend formula, BITI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BITI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.33 7.42 7.28 7.38 -0.25
Prev. Close Volume Bid Ask Time
7.39 7681632 2024-03-28 15:59:56
52wk High23.2352wk High Date2023-06-15
52wk Low7.252wk Low Date2024-03-13
Average Volume13,149,738
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