Technical Analysis for BITO - ProShares Bitcoin Strategy ETF

Grade Last Price % Change Price Change
D 17.14 -2.56% -0.45
BITO closed down 2.56 percent on Wednesday, October 2, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Fell Below 20 DMA Bearish 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Fell Below 50 DMA Bearish -2.56%
Expansion Pivot Sell Setup Bearish Swing Setup -2.56%
Overbought Stochastic Strength -2.56%
Narrow Range Bar Range Contraction -5.30%
Overbought Stochastic Strength -5.30%
Gapped Down Weakness -5.30%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 15 hours ago
Down 2 % about 15 hours ago
Up 1% about 19 hours ago
50 DMA Resistance about 19 hours ago
Rose Above 50 DMA about 19 hours ago

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Profile

ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF offering investors an opportunity to gain exposure to bitcoin returns in a convenient, liquid and transparent way. The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts.
Classification

Keywords: Exchange Traded Fund Inverse Exchange Traded Fund Bitcoin Cryptocurrency Payment Systems Investor Digital Currencies

Is BITO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 25.1207
52 Week Low 9.3953
Average Volume 8,187,954
200-Day Moving Average 18.88
50-Day Moving Average 17.57
20-Day Moving Average 17.30
10-Day Moving Average 18.06
Average True Range 0.69
RSI (14) 46.52
ADX 16.68
+DI 23.64
-DI 27.79
Chandelier Exit (Long, 3 ATRs) 16.96
Chandelier Exit (Short, 3 ATRs) 17.27
Upper Bollinger Bands 19.12
Lower Bollinger Band 15.48
Percent B (%b) 0.46
BandWidth 21.05
MACD Line 0.17
MACD Signal Line 0.13
MACD Histogram 0.0386
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.16
Resistance 3 (R3) 18.26 18.02 17.99
Resistance 2 (R2) 18.02 17.76 17.97 17.93
Resistance 1 (R1) 17.58 17.60 17.46 17.48 17.88
Pivot Point 17.34 17.34 17.28 17.29 17.34
Support 1 (S1) 16.90 17.08 16.78 16.80 16.40
Support 2 (S2) 16.66 16.92 16.61 16.35
Support 3 (S3) 16.22 16.66 16.29
Support 4 (S4) 16.12