PROSHARES SHORT BITC ETF-USD (BITI) Stock Technical Analysis
USA - NYSEARCA:BITI - US74347G1849 - ETF
18 USD
-0.37 (-2.01%)
18.05 USD
+0.05 (+0.28%)
Taking everything into account, BITI scores 1 out of 10 in our technical rating. BITI'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.
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: 94% 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BITI has a been trading in the 17.80 - 19.50 range, which is quite wide. It is currently trading near the lows of this range.
BITI has an average volume of 2314330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BITI is bad and it also does not present a quality setup 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
17.44
19.65
When analyzing the support we notice one important area.
- A support zone ranging from 17.62 to 17.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.68 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for BITI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITI is down. |
| ChartMill Relative Strength | 6.31 | NEGATIVE | BITI has a low relative strength, it was outperformed by 93.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BITI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.65 | NEUTRAL | The RSI value for BITI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BITI has a negative trend. |
| Stochastics (14,3) | 21.64 | NEUTRAL | The Stochastics value for BITI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BITI suggests some volalility. |
| Average Directional Index/ADX (14) | 8.48 | NEGATIVE | The low ADX value for BITI suggests a weak or negative 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)
18
-0.37 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.01%
1 Week-4.61%
2 Weeks-4.31%
1 Month0.67%
3 Month-10.58%
6 Month-29.91%
12 Month-54.66%
2 Year-82.96%
3 Year-90.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2.56%
ATR Inc-43.31%
Range Today0.35
ADR(20)0.37
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.31
Mansfield-3.23
10 Day High19.5
10 Day Low17.99
20 Day High19.5
20 Day Low17.8
52 Week High41.3
52 Week Low17.18
CS1 End17.88
CR1 Start18.68
Volume & EV
DER(3)-2.43%
DER(5)-0.84%
Volume2.24M
Volume Incr-8.73%
Vol(5)2.40M
Vol(50)2.31M