PROSHARES SHORT BITC ETF-USD (BITI) Stock Technical Analysis
NYSEARCA:BITI - NYSE Arca - US74347G1849 - ETF - Currency: USD
Overall BITI gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BITI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BITI is a bad performer in the overall market: 72% 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.
BITI has an average volume of 2010910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 has a been trading in the 22.20 - 27.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
20.89
28.06
3 important support areas can be observed.
- A support zone ranging from 23.22 to 23.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @22.55 from a horizontal line in the daily time frame.
- Support @21.10 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @25.61 from a trend line in the daily time frame.
- A resistance zone ranging from 26.19 to 26.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.78 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
CRS28.46
Mansfield-2.74
10 Day High27.28
10 Day Low23.21
20 Day High27.28
20 Day Low22.2
52 Week High47.95
52 Week Low20.73
Performance
1 Week-3.02%
2 Weeks8.32%
1 Month10.48%
3 Month14.11%
6 Month-43.05%
12 Month-33.51%
2 Year-75.52%
3 YearN/A
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)58.8
LBB22.29
UBB27.16
25.4
+0.62 (+2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.5%
1 Week-3.02%
2 Weeks8.32%
1 Month10.48%
3 Month14.11%
6 Month-43.05%
12 Month-33.51%
2 Year-75.52%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%4.54%
ATR Inc-7.71%
Range Today1.3
ADR(20)1.02
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.46
Mansfield-2.74
10 Day High27.28
10 Day Low23.21
20 Day High27.28
20 Day Low22.2
52 Week High47.95
52 Week Low20.73
CS1 End23.59
CR1 Start25.61
Volume & EV
DER(3)-2.5%
DER(5)-3.02%
Volume2.43M
Volume Incr16.07%
Vol(5)2.40M
Vol(50)2.01M