BETAPRO INVERSE BITCOIN ETF (BITI.CA) Stock Technical Analysis
TSX:BITI - Toronto Stock Exchange - CA0866242021 - ETF - Currency: CAD
We assign a technical rating of 0 out of 10 to BITI. BITI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BITI is a bad performer in the overall market: 95% of all stocks are doing better.
BITI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BITI is lagging the market.
In the last month BITI has a been trading in the 16.82 - 18.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BITI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.15, a Stop Loss order could be placed below this zone.
More info and screens
16.81
23.47
We found 1 important support area.
- A support zone ranging from 16.98 to 17.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 17.90 to 17.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @18.27 from a horizontal line in the daily time frame.
- Resistance @21.41 from a trend line in the daily time frame.
- Resistance @22.47 from a horizontal line in the daily time frame.
- Resistance @23.24 from a trend 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.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITI.CA is down. |
| ChartMill Relative Strength | 5.62 | NEGATIVE | BITI.CA has a low relative strength, it was outperformed by 94.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BITI.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITI.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.12 | NEUTRAL | The RSI value for BITI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests BITI.CA has a positive trend. |
| Stochastics (14,3) | 33.77 | NEUTRAL | The Stochastics value for BITI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for BITI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.96 | NEUTRAL | The ADX value for BITI.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 (6/13/2025, 7:00:00 PM)
17.58
+0.25 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.44%
1 Week-1.79%
2 Weeks-1.73%
1 Month-4.66%
3 Month-26.07%
6 Month-14.03%
12 Month-48.95%
2 Year-77.89%
3 Year-90.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%2.39%
ATR Inc-15.11%
Range Today0.34
ADR(20)0.33
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.62
Mansfield-3.64
10 Day High18.33
10 Day Low16.82
20 Day High18.36
20 Day Low16.82
52 Week High39.9
52 Week Low16.82
CS1 End17.15
CR1 Start17.9
Volume & EV
DER(3)-0.06%
DER(5)-0.55%
Volume32.25K
Volume Incr-17.97%
Vol(5)31.56K
Vol(50)46.40K