PROSHARES SHORT BITC ETF-USD (BITI) Stock Technical Analysis
USA - NYSEARCA:BITI - US74347G1849 - ETF
Taking everything into account, BITI scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BITI was also a bad performer in the overall market in the last year.
Although the technical rating is bad, BITI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BITI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.90
We found 2 important support areas.
- A support zone ranging from 18.47 to 18.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.07 to 17.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.46 to 19.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.10 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 is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BITI is up. |
| ChartMill Relative Strength | 10.98 | NEGATIVE | BITI has a low relative strength, it was outperformed by 89.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITI is above the rising 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) | 53.31 | NEUTRAL | The RSI value for BITI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BITI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.58 | NEUTRAL | The Stochastics value for BITI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BITI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.47 | NEGATIVE | The low ADX value for BITI suggests a weak or negative trend. |
NYSEARCA:BITI (11/3/2025, 1:14:06 PM)
19.4003
+0.44 (+2.32%)
PROSHARES SHORT BITC ETF-USD / BITI FAQ
What is the ChartMill technical rating of PROSHARES SHORT BITC ETF-USD (BITI) stock?
ChartMill assigns a technical rating of 3 / 10 to BITI.
Can you provide the trend direction for PROSHARES SHORT BITC ETF-USD?
The current trend direction for PROSHARES SHORT BITC ETF-USD (BITI) is Bearish.
Can you provide the RSI signal for PROSHARES SHORT BITC ETF-USD?
PROSHARES SHORT BITC ETF-USD (BITI) has an RSI value of 53.3129. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES SHORT BITC ETF-USD?
The MACD indicator for PROSHARES SHORT BITC ETF-USD (BITI) has a value of 0.0511779, indicating a bearish trend.
What is the buy/sell signal for PROSHARES SHORT BITC ETF-USD (BITI) stock?
The buy/sell signal for PROSHARES SHORT BITC ETF-USD (BITI) is hold as the short term and long term trends are mixed.