Technical Analysis for BITX - Volatility Shares Trust 2x Bitcoin Strategy ETF

Grade Last Price % Change Price Change
F 27.79 -13.18% -4.22
BITX closed down 13.18 percent on Friday, July 5, 2024, on 2.4 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
New Downtrend Bearish 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -13.18%

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Profile

The fund generally will invest in Bitcoin Futures Contracts through its Subsidiary and in Collateral Investments. The index measures the performance of the return from a rolling long position in the two nearest maturing Bitcoin futures contracts trading on the Chicago Mercantile Exchange ("CME"). The fund is non-diversified.
Classification

Keywords: Bitcoin Futures Markets Futures Exchanges Chicago Mercantile Exchange

Is BITX 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 56.9473
52 Week Low 8.7509
Average Volume 4,997,853
200-Day Moving Average 29.44
50-Day Moving Average 38.72
20-Day Moving Average 36.92
10-Day Moving Average 32.87
Average True Range 3.00
RSI (14) 33.33
ADX 25.55
+DI 14.64
-DI 43.04
Chandelier Exit (Long, 3 ATRs) 38.42
Chandelier Exit (Short, 3 ATRs) 35.63
Upper Bollinger Bands 46.42
Lower Bollinger Band 27.42
Percent B (%b) 0.02
BandWidth 51.45
MACD Line -2.79
MACD Signal Line -2.06
MACD Histogram -0.7308
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.48
Resistance 3 (R3) 30.39 29.41 30.03
Resistance 2 (R2) 29.41 28.73 29.45 29.88
Resistance 1 (R1) 28.60 28.30 29.01 28.69 29.73
Pivot Point 27.62 27.62 27.82 27.66 27.62
Support 1 (S1) 26.81 26.94 27.22 26.90 25.85
Support 2 (S2) 25.83 26.51 25.87 25.70
Support 3 (S3) 25.02 25.83 25.55
Support 4 (S4) 25.11