PROSHARES BITCOIN ETF-USD (BITO) Stock Technical Analysis
NYSEARCA:BITO - NYSE Arca - US74347G4405 - ETF - Currency: USD
Overall BITO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BITO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BITO is a bad performer in the overall market: 75% of all stocks are doing better.
In the last month BITO has a been trading in the 16.48 - 20.88 range, which is quite wide. It is currently trading near the high of this range.
BITO has an average volume of 7762100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
BITO is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BITO is bad and it also does not present a quality setup 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
16.97
23.12
2 important support areas can be observed.
- A support zone ranging from 18.13 to 18.27. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @17.14 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.75 to 20.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.89 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
CRS25.22
Mansfield-0.32
10 Day High20.88
10 Day Low18.13
20 Day High20.88
20 Day Low16.48
52 Week High28.97
52 Week Low16.11
Performance
1 Week8.25%
2 Weeks12.81%
1 Month10.45%
3 Month-16.19%
6 Month10.33%
12 Month-18.28%
2 Year18.38%
3 Year-13.55%
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)0.38
RSI(14)61.65
LBB16.45
UBB21.4
20.61
-0.14 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.67%
1 Week8.25%
2 Weeks12.81%
1 Month10.45%
3 Month-16.19%
6 Month10.33%
12 Month-18.28%
2 Year18.38%
3 Year-13.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%3.74%
ATR Inc-42.62%
Range Today0.41
ADR(20)0.62
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.22
Mansfield-0.32
10 Day High20.88
10 Day Low18.13
20 Day High20.88
20 Day Low16.48
52 Week High28.97
52 Week Low16.11
CS1 End18.27
CR1 Start20.75
Volume & EV
DER(3)-1.16%
DER(5)-0.72%
Volume5.23M
Volume Incr-9.91%
Vol(5)5.88M
Vol(50)7.76M