BETAPRO INVERSE BITCOIN ETF (BITI.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BITI - CA0866242021 - ETF
Overall BITI gets a technical rating of 2 out of 10. BITI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 73% of all other stocks performed better in the past year than BITI.
- In the last month BITI has a been trading in the 18.29 - 21.15 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BITI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BITI is lagging the market.
BITI has a poor technical rating and the quality of the setup is also not perfect 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
18.16
We found 1 important support area.
- Support @18.34 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 19.22 to 19.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.76 to 19.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.30 to 20.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.11 to 21.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for BITI.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITI.CA is down. |
| ChartMill Relative Strength | 27.24 | NEGATIVE | BITI.CA has a low relative strength, it was outperformed by 72.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BITI.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BITI.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.33 | NEUTRAL | The RSI value for BITI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BITI.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.8 | OVERSOLD | The low Stochastics value suggests BITI.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for BITI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.45 | NEGATIVE | The low ADX value for BITI.CA suggests a weak or negative trend. |
TSX:BITI (1/16/2026, 7:00:00 PM)
18.79
-0.04 (-0.21%)
BETAPRO INVERSE BITCOIN ETF / BITI.CA FAQ
What is the ChartMill technical rating of BETAPRO INVERSE BITCOIN ETF (BITI.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to BITI.CA.
What is the trend direction for BITI stock?
The current trend direction for BETAPRO INVERSE BITCOIN ETF (BITI.CA) is Bearish.
Can you provide the RSI signal for BETAPRO INVERSE BITCOIN ETF?
BETAPRO INVERSE BITCOIN ETF (BITI.CA) has an RSI value of 42.3302. This indicates that the stock is currently neutral.
What is the MACD signal for BETAPRO INVERSE BITCOIN ETF (BITI.CA) stock?
The MACD indicator for BETAPRO INVERSE BITCOIN ETF (BITI.CA) has a value of -0.169934, indicating a bearish trend.
Can you provide the support and resistance levels for BETAPRO INVERSE BITCOIN ETF?
BETAPRO INVERSE BITCOIN ETF (BITI.CA) has a support level at 18.34 and a resistance level at 19.22. Check the full technical report for our detailed analysis of BITI.CA support and resistance levels.