Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
ProShares Bitcoin ETF (PACF:BITO)
Crossroads (-60) - BITO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BITO?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BITO
The long-term trend has been UP since Nov 11th, 2024 at 21.37
The intermediate-term trend has been DOWN since Dec 23rd, 2024 at 24.14
The short-term trend has been DOWN since Dec 19th, 2024 at 25.68
Smart Scan Analysis for BITO
Based on our trend formula, BITO is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.7100 | 24.3101 | 23.6200 | 24.2700 | +1.5300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.2500 | 8201842 | 2024-12-24 12:59:54 |
| 52wk High | 33.79 | 52wk High Date | 2024-03-13 |
| 52wk Low | 16.11 | 52wk Low Date | 2024-09-06 |
| Average Volume | 10,348,043 | Shares Outstanding | 66,050 |