PROSHARES ULTRASHORT BITCOIN (SBIT) Stock Technical Analysis
NYSEARCA:SBIT - NYSE Arca - US74349Y8030 - ETF - Currency: USD
Taking everything into account, SBIT scores 0 out of 10 in our technical rating. SBIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SBIT is a bad performer in the overall market: 90% of all stocks are doing better.
SBIT is currently trading near the lower end of its 52 week range, which is not a good sign. SBIT is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month SBIT has a been trading in the 9.01 - 14.89 range, which is quite wide. It is currently trading near the lows of this range.
SBIT has an average volume of 6932620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
8.70
14.96
2 important support areas can be observed.
- A support zone ranging from 8.96 to 9.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.79 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.36 to 11.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.02 to 12.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.81 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10
Mansfield-6.14
10 Day High12.07
10 Day Low9.01
20 Day High14.89
20 Day Low9.01
52 Week High55.1
52 Week Low8.59
Performance
1 Week-1.16%
2 Weeks-21.15%
1 Month-23.78%
3 Month-1.99%
6 Month-63.61%
12 Month-79.79%
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)-0.29
RSI(14)37.67
LBB7.93
UBB13.3
9.36
+0.25 (+2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.74%
1 Week-1.16%
2 Weeks-21.15%
1 Month-23.78%
3 Month-1.99%
6 Month-63.61%
12 Month-79.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%10.46%
ATR Inc-63.26%
Range Today0.33
ADR(20)0.78
ADR(20)%8.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10
Mansfield-6.14
10 Day High12.07
10 Day Low9.01
20 Day High14.89
20 Day Low9.01
52 Week High55.1
52 Week Low8.59
CS1 End9
CR1 Start11.36
Volume & EV
DER(3)-3.6%
DER(5)-4.65%
Volume6.87M
Volume Incr2.17%
Vol(5)6.44M
Vol(50)6.93M