PROSHARES ULTRA BITCOIN ETF (BITU) Stock Technical Analysis
NYSEARCA:BITU - NYSE Arca - US74349Y7040 - ETF - Currency: USD
Overall BITU gets a technical rating of 0 out of 10. BITU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
100% of all other stocks performed better in the past year than BITU.
BITU has an average volume of 2965800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month BITU has a been trading in the 33.77 - 53.84 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.
BITU 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
35.96
61.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.11 to 37.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.32 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @41.78 from a horizontal line in the daily time frame.
- Resistance @45.59 from a trend line in the daily time frame.
- Resistance @56.90 from a trend line in the daily time frame.
- Resistance @60.91 from a horizontal 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
CRS0
Mansfield-30
10 Day High48.45
10 Day Low33.77
20 Day High53.84
20 Day Low33.77
52 Week HighN/A
52 Week LowN/A
Performance
1 Week3.56%
2 Weeks-18.87%
1 Month-23.73%
3 Month-36.89%
6 Month104.69%
12 MonthN/A
2 YearN/A
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)-0.28
RSI(14)36.99
LBB32.31
UBB51.96
38.44
-1.95 (-4.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.83%
1 Week3.56%
2 Weeks-18.87%
1 Month-23.73%
3 Month-36.89%
6 Month104.69%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.49
ATR(20)%10.54%
ATR Inc-7.92%
Range Today4.36
ADR(20)3.57
ADR(20)%9.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High48.45
10 Day Low33.77
20 Day High53.84
20 Day Low33.77
52 Week HighN/A
52 Week LowN/A
CS1 End37.22
CR1 Start41.78
Volume & EV
DER(3)0.27%
DER(5)-1.18%
Volume4.22M
Volume Incr33.97%
Vol(5)4.07M
Vol(50)2.97M