BETAPRO INVERSE BITCOIN ETF (BITI.CA) Stock Technical Analysis
TSX:BITI - Toronto Stock Exchange - CA0866242021 - ETF - Currency: CAD
Overall BITI gets a technical rating of 4 out of 10. In the past year, BITI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BITI is a bad performer in the overall market: 74% of all stocks are doing better.
BITI 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BITI has a been trading in the 20.45 - 25.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
BITI has an average technical rating and also the quality of the setup is 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
19.37
25.71
3 important support areas can be observed.
- A support zone ranging from 21.25 to 21.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.64 from a horizontal line in the daily time frame.
- Support @19.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @23.96 from a trend line in the daily time frame.
- A resistance zone ranging from 24.52 to 24.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.46 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.7
Mansfield-2.47
10 Day High25.38
10 Day Low21.36
20 Day High25.38
20 Day Low20.45
52 Week High40.18
52 Week Low19
Performance
1 Week-4%
2 Weeks9.23%
1 Month10.83%
3 Month15.39%
6 Month-40.27%
12 Month-28.9%
2 Year-73.81%
3 Year-72.21%
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)58.45
LBB20.33
UBB25.46
TSX:BITI (3/7/2025, 7:00:00 PM)
23.54
+0.69 (+3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.02%
1 Week-4%
2 Weeks9.23%
1 Month10.83%
3 Month15.39%
6 Month-40.27%
12 Month-28.9%
2 Year-73.81%
3 Year-72.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%4.62%
ATR Inc-11.93%
Range Today1.24
ADR(20)0.96
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.7
Mansfield-2.47
10 Day High25.38
10 Day Low21.36
20 Day High25.38
20 Day Low20.45
52 Week High40.18
52 Week Low19
CS1 End21.5
CR1 Start23.96
Volume & EV
DER(3)6.96%
DER(5)-0.14%
Volume113.21K
Volume Incr98.82%
Vol(5)116.00K
Vol(50)71.35K