BETAPRO INVERSE BITCOIN ETF (BITI-U.CA) Stock Technical Analysis
TSX:BITI-U - Toronto Stock Exchange - CA0866242021 - ETF - Currency: USD
Taking everything into account, BITI-U scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BITI-U was also a bad performer in the overall market in the last year.
79% of all other stocks performed better in the past year than BITI-U.
BITI-U is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: BITI-U has an average volume of 22742 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month BITI-U has a been trading in the 14.26 - 17.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BITI-U has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.39
23.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.57 to 15.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.53 to 13.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.01 to 17.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.34 from a trend line in the weekly time frame.
- Resistance @23.10 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.76
Mansfield-2.93
10 Day High17.54
10 Day Low15.21
20 Day High17.54
20 Day Low14.26
52 Week High108.29
52 Week Low0
Performance
1 Week-5.88%
2 Weeks5.61%
1 Month10.57%
3 Month10.72%
6 Month-44.75%
12 Month-34.65%
2 Year-75.92%
3 Year-76.37%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)52.75
LBB14.57
UBB17.3
TSX:BITI-U (3/7/2025, 7:00:00 PM)
16.01
+0.25 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.59%
1 Week-5.88%
2 Weeks5.61%
1 Month10.57%
3 Month10.72%
6 Month-44.75%
12 Month-34.65%
2 Year-75.92%
3 Year-76.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%2.74%
ATR Inc-39.81%
Range Today0.42
ADR(20)0.25
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.76
Mansfield-2.93
10 Day High17.54
10 Day Low15.21
20 Day High17.54
20 Day Low14.26
52 Week High108.29
52 Week Low0
CS1 End15.77
CR1 Start17.01
Volume & EV
DER(3)15.81%
DER(5)2.2%
Volume12.00K
Volume Incr38.99%
Vol(5)25.53K
Vol(50)22.74K