Technical Analysis for BITO - ProShares Bitcoin Strategy ETF

Grade Last Price % Change Price Change
C 32.30 3.33% 1.04
BITO closed up 3.33 percent on Thursday, March 28, 2024, on 75 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Outside Day Range Expansion 3.33%
Gapped Up Strength 3.33%
Narrow Range Bar Range Contraction 1.86%
Inside Day Range Contraction 1.86%
Crossed Above 20 DMA Bullish -0.55%
New Uptrend Bullish -0.55%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 19 hours ago
Possible Inside Day about 19 hours ago
60 Minute Opening Range Breakout about 22 hours ago
Gap Up Partially Closed about 23 hours ago
Gapped Up (Partial) about 23 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 33.79
52 Week Low 11.9266
Average Volume 22,115,965
200-Day Moving Average 18.10
50-Day Moving Average 25.53
20-Day Moving Average 31.11
10-Day Moving Average 30.85
Average True Range 1.60
RSI (14) 61.54
ADX 25.56
+DI 29.08
-DI 23.08
Chandelier Exit (Long, 3 ATRs) 28.99
Chandelier Exit (Short, 3 ATRs) 32.11
Upper Bollinger Bands 33.93
Lower Bollinger Band 28.30
Percent B (%b) 0.71
BandWidth 18.09
MACD Line 1.56
MACD Signal Line 1.83
MACD Histogram -0.2681
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.20
Resistance 3 (R3) 33.25 33.00 33.05
Resistance 2 (R2) 33.00 32.77 32.98 33.00
Resistance 1 (R1) 32.65 32.63 32.53 32.60 32.95
Pivot Point 32.40 32.40 32.34 32.38 32.40
Support 1 (S1) 32.05 32.17 31.93 32.00 31.65
Support 2 (S2) 31.80 32.03 31.78 31.60
Support 3 (S3) 31.45 31.80 31.55
Support 4 (S4) 31.40