Technical Analysis for BITO - ProShares Bitcoin Strategy ETF

Grade Last Price % Change Price Change
D 27.22 2.76% 0.73
BITO closed up 2.76 percent on Friday, May 17, 2024, on 66 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
20 DMA Support Bullish 2.76%
Inside Day Range Contraction 2.76%
Crossed Above 20 DMA Bullish 1.42%
MACD Bullish Signal Line Cross Bullish 1.42%
Gapped Up Strength 1.42%
Narrow Range Bar Range Contraction 8.97%

   Recent Intraday Alerts

Alert Time
Up 3% about 22 hours ago
60 Minute Opening Range Breakout about 22 hours ago
Up 2% about 22 hours ago
Rose Above Previous Day's High about 23 hours ago
Gap Up Partially Closed about 23 hours ago

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Profile

ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.
Classification

Keywords: Exchange Traded Fund Inverse Exchange Traded Fund Bitcoin Cryptocurrency Payment Systems Investor Digital Currencies

Is BITO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 32.5924
52 Week Low 11.5039
Average Volume 14,702,541
200-Day Moving Average 19.85
50-Day Moving Average 28.36
20-Day Moving Average 26.25
10-Day Moving Average 25.77
Average True Range 1.18
RSI (14) 52.61
ADX 24.01
+DI 26.12
-DI 30.41
Chandelier Exit (Long, 3 ATRs) 25.81
Chandelier Exit (Short, 3 ATRs) 26.47
Upper Bollinger Bands 29.40
Lower Bollinger Band 23.09
Percent B (%b) 0.65
BandWidth 24.06
MACD Line -0.50
MACD Signal Line -0.75
MACD Histogram 0.2479
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.29
Resistance 3 (R3) 28.25 27.85 28.11
Resistance 2 (R2) 27.85 27.57 27.87 28.05
Resistance 1 (R1) 27.53 27.40 27.69 27.58 27.99
Pivot Point 27.13 27.13 27.21 27.15 27.13
Support 1 (S1) 26.82 26.86 26.98 26.86 26.45
Support 2 (S2) 26.42 26.69 26.44 26.39
Support 3 (S3) 26.10 26.42 26.33
Support 4 (S4) 26.15