PROSHARES BITCOIN ETF-USD (BITO) Stock Technical Analysis
NYSEARCA:BITO - NYSE Arca - US74347G4405 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to BITO. BITO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
81% of all other stocks performed better in the past year than BITO.
In the last month BITO has a been trading in the 21.63 - 26.06 range, which is quite wide. It is currently trading near the lows of this range.
BITO has an average volume of 8973040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BITO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BITO is lagging the market.
Although the technical rating is bad, BITO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 21.95, a Stop Loss order could be placed below this zone.
More info and screens
17.38
24.80
We found 2 important support areas.
- A support zone ranging from 21.85 to 21.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.02 to 22.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.00 to 24.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @24.55 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
CRS19.94
Mansfield-1.49
10 Day High23.35
10 Day Low21.63
20 Day High26.06
20 Day Low21.63
52 Week High33.79
52 Week Low16.11
Performance
1 Week-1.88%
2 Weeks-2.62%
1 Month-12.27%
3 Month-17.72%
6 Month6.14%
12 Month-9.07%
2 Year51.97%
3 Year-16.76%
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)-0.07
RSI(14)41.01
LBB21.67
UBB23.4
21.96
-0.92 (-4.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.02%
1 Week-1.88%
2 Weeks-2.62%
1 Month-12.27%
3 Month-17.72%
6 Month6.14%
12 Month-9.07%
2 Year51.97%
3 Year-16.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%4.14%
ATR Inc1.2%
Range Today1.14
ADR(20)0.76
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.94
Mansfield-1.49
10 Day High23.35
10 Day Low21.63
20 Day High26.06
20 Day Low21.63
52 Week High33.79
52 Week Low16.11
CS1 End21.95
CR1 Start22.02
Volume & EV
DER(3)0.09%
DER(5)-1.65%
Volume10.24M
Volume Incr-26.81%
Vol(5)6.90M
Vol(50)8.97M