Technical Analysis for BITO - ProShares Bitcoin Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 25.73 | 2.00% | 0.51 |
BITO closed up 4.52 percent on Friday, May 3, 2024, on 41 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Buy Signal | Bullish | 2.00% | |
| NR7 | Range Contraction | 2.00% | |
| NR7-2 | Range Contraction | 2.00% | |
| Narrow Range Bar | Range Contraction | 2.00% | |
| Lower Bollinger Band Walk | Weakness | 2.00% | |
| Wide Bands | Range Expansion | 2.00% | |
| Gapped Up | Strength | 2.00% | |
| Oversold Stochastic | Weakness | 2.00% | |
| NR7 | Range Contraction | 6.61% | |
| Narrow Range Bar | Range Contraction | 6.61% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 2 hours ago |
| Rose Above Previous Day's High | about 4 hours ago |
| Up 3% | about 4 hours ago |
| Up 2% | about 4 hours ago |
| Up 1% | about 4 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 | 32.5924 |
| 52 Week Low | 11.5039 |
| Average Volume | 20,364,585 |
| 200-Day Moving Average | 19.24 |
| 50-Day Moving Average | 28.64 |
| 20-Day Moving Average | 27.87 |
| 10-Day Moving Average | 26.72 |
| Average True Range | 1.35 |
| RSI (14) | 41.18 |
| ADX | 24.81 |
| +DI | 20.26 |
| -DI | 42.47 |
| Chandelier Exit (Long, 3 ATRs) | 27.69 |
| Chandelier Exit (Short, 3 ATRs) | 26.98 |
| Upper Bollinger Bands | 32.16 |
| Lower Bollinger Band | 23.59 |
| Percent B (%b) | 0.19 |
| BandWidth | 30.75 |
| MACD Line | -1.02 |
| MACD Signal Line | -0.51 |
| MACD Histogram | -0.5084 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.90 | ||||
| Resistance 3 (R3) | 25.85 | 25.58 | 25.78 | ||
| Resistance 2 (R2) | 25.58 | 25.41 | 25.60 | 25.74 | |
| Resistance 1 (R1) | 25.40 | 25.30 | 25.49 | 25.45 | 25.71 |
| Pivot Point | 25.13 | 25.13 | 25.18 | 25.15 | 25.13 |
| Support 1 (S1) | 24.95 | 24.96 | 25.04 | 25.00 | 24.73 |
| Support 2 (S2) | 24.68 | 24.85 | 24.70 | 24.70 | |
| Support 3 (S3) | 24.50 | 24.68 | 24.66 | ||
| Support 4 (S4) | 24.55 |
