PROSHARES ULTRASHORT BITCOIN (SBIT)
US74349Y8030 - ETF
We assign a technical rating of 0 out of 10 to SBIT. SBIT'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.
When comparing the yearly performance of all stocks, SBIT is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month SBIT has a been trading in the 26.77 - 36.73 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of SBIT 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
27.85
43.80
We can see 3 important resistance areas.
- Resistance @33.54 from a trend line in the daily time frame.
- Resistance @41.47 from a trend line in the daily time frame.
- Resistance @43.37 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
CRS0
Mansfield-30
10 Day High36.73
10 Day Low26.77
20 Day High36.73
20 Day Low26.77
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-21.31%
2 Weeks-18.23%
1 Month-12.5%
3 Month-17.68%
6 Month-36.9%
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)-0.42
RSI(14)38.83
LBB26.42
UBB37.37
PROSHARES ULTRASHORT BITCOIN
NYSEARCA:SBIT (10/17/2024, 9:02:32 PM)
After market: 27.5 -0.63 (-2.24%)28.13
+0.85 (+3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.12%
1 Week-21.31%
2 Weeks-18.23%
1 Month-12.5%
3 Month-17.68%
6 Month-36.9%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.25
ATR(20)%7.36%
ATR Inc
Range Today0.86
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High36.73
10 Day Low26.77
20 Day High36.73
20 Day Low26.77
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume881.60K
Volume Incr51.39%
Vol(5)1.13M
Vol(50)720.98K