BETAPRO INVERSE BITCOIN ETF (BITI-U.CA) Stock Technical Analysis
TSX:BITI-U - Toronto Stock Exchange - CA0866242021 - ETF - Currency: USD
Overall BITI-U gets a technical rating of 0 out of 10. BITI-U's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BITI-U is a bad performer in the overall market: 94% of all stocks are doing better.
BITI-U is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BITI-U is lagging the market.
BITI-U is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: BITI-U has an average volume of 16066 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
BITI-U has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.11
18.11
2 important support areas can be observed.
- Support @12.77 from a trend line in the daily time frame.
- Support @12.23 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.08 to 13.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.93 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BITI-U.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITI-U.CA is down. |
| ChartMill Relative Strength | 6.77 | NEGATIVE | BITI-U.CA has a low relative strength, it was outperformed by 93.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITI-U.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITI-U.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITI-U.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.21 | NEUTRAL | The RSI value for BITI-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BITI-U.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.66 | OVERSOLD | The low Stochastics value suggests BITI-U.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for BITI-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.84 | NEUTRAL | The ADX value for BITI-U.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:BITI-U (6/2/2025, 7:00:00 PM)
13.07
+0.02 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week3.32%
2 Weeks-9.36%
1 Month-27.39%
3 Month-23.16%
6 Month-11.87%
12 Month-46.04%
2 Year-78.29%
3 Year-90.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%3.14%
ATR Inc-21.03%
Range Today0
ADR(20)0.12
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.77
Mansfield-3.53
10 Day High14.5
10 Day Low12.24
20 Day High17.81
20 Day Low12.24
52 Week High108.29
52 Week Low0
CS1 End12.77
CR1 Start13.08
Volume & EV
DER(3)0%
DER(5)0%
Volume800
Volume Incr-42.47%
Vol(5)7.98K
Vol(50)16.07K