Technical Analysis for BITO - ProShares Bitcoin Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 25.42 | 1.88% | 0.47 |
BITO closed up 1.88 percent on Wednesday, November 20, 2024, on 1.44 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% |
| Alert | Time |
|---|---|
| Possible NR7 | about 18 hours ago |
| 60 Minute Opening Range Breakdown | about 20 hours ago |
| Gapped Up (Full) | about 22 hours ago |
| Rose Above Previous Day's High | about 22 hours ago |
| New 52 Week High | about 22 hours ago |
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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.
Keywords: Exchange Traded Fund Inverse Exchange Traded Fund Bitcoin Cryptocurrency Payment Systems Investor Digital Currencies
Classification
Keywords: Exchange Traded Fund Inverse Exchange Traded Fund Bitcoin Cryptocurrency Payment Systems Investor Digital Currencies
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 25.62 |
| 52 Week Low | 12.2478 |
| Average Volume | 10,883,681 |
| 200-Day Moving Average | 18.91 |
| 50-Day Moving Average | 18.80 |
| 20-Day Moving Average | 21.29 |
| 10-Day Moving Average | 23.65 |
| Average True Range | 0.92 |
| RSI (14) | 78.63 |
| ADX | 35.58 |
| +DI | 44.66 |
| -DI | 11.56 |
| Chandelier Exit (Long, 3 ATRs) | 22.86 |
| Chandelier Exit (Short, 3 ATRs) | 20.35 |
| Upper Bollinger Bands | 26.62 |
| Lower Bollinger Band | 15.96 |
| Percent B (%b) | 0.89 |
| BandWidth | 50.08 |
| MACD Line | 1.92 |
| MACD Signal Line | 1.52 |
| MACD Histogram | 0.402 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 26.19 | ||||
| Resistance 3 (R3) | 26.17 | 25.89 | 26.06 | ||
| Resistance 2 (R2) | 25.89 | 25.70 | 25.90 | 26.01 | |
| Resistance 1 (R1) | 25.66 | 25.58 | 25.52 | 25.68 | 25.97 |
| Pivot Point | 25.38 | 25.38 | 25.32 | 25.39 | 25.38 |
| Support 1 (S1) | 25.15 | 25.19 | 25.01 | 25.17 | 24.87 |
| Support 2 (S2) | 24.87 | 25.07 | 24.88 | 24.83 | |
| Support 3 (S3) | 24.64 | 24.87 | 24.78 | ||
| Support 4 (S4) | 24.66 |
