Technical Analysis for BITO - ProShares Bitcoin Strategy ETF

Grade Last Price % Change Price Change
C 25.49 0.24% 0.06
BITO closed up 0.24 percent on Wednesday, June 12, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Gapped Up Strength 0.00%
Fell Below 20 DMA Bearish 0.24%
Fell Below 50 DMA Bearish 0.24%
Bollinger Band Squeeze Range Contraction 0.24%
BB Squeeze Started Range Contraction 0.24%

   Recent Intraday Alerts

Alert Time
Gap Up Closed about 5 hours ago
Reversed from Up about 5 hours ago
50 DMA Resistance about 5 hours ago
60 Minute Opening Range Breakdown about 6 hours ago
20 DMA Resistance about 6 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 30.4802
52 Week Low 10.7584
Average Volume 9,061,225
200-Day Moving Average 19.74
50-Day Moving Average 25.78
20-Day Moving Average 25.95
10-Day Moving Average 26.13
Average True Range 0.96
RSI (14) 48.45
ADX 11.51
+DI 26.57
-DI 28.66
Chandelier Exit (Long, 3 ATRs) 24.34
Chandelier Exit (Short, 3 ATRs) 26.07
Upper Bollinger Bands 27.11
Lower Bollinger Band 24.80
Percent B (%b) 0.3
BandWidth 8.88
MACD Line 0.18
MACD Signal Line 0.22
MACD Histogram -0.0377
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.16
Resistance 3 (R3) 27.30 26.88 26.88
Resistance 2 (R2) 26.88 26.46 26.81 26.78
Resistance 1 (R1) 26.19 26.20 25.98 26.05 26.69
Pivot Point 25.77 25.77 25.67 25.70 25.77
Support 1 (S1) 25.08 25.35 24.87 24.94 24.29
Support 2 (S2) 24.66 25.09 24.59 24.20
Support 3 (S3) 23.97 24.66 24.10
Support 4 (S4) 23.83