PROSHARES SHORT BITC ETF-USD (BITI) Technical Analysis
NYSEARCA:BITI • US74347G1849
We assign a technical rating of 6 out of 10 to BITI. BITI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month BITI has a been trading in the 24.51 - 30.93 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- BITI has an average volume of 2695760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, BITI turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- 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 an average technical rating and it also does not offer a high 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
20.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.85 to 24.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.08 from a trend line in the weekly time frame.
- Support @22.61 from a trend line in the daily time frame.
- Support @21.17 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for BITI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITI is neutral. |
| ChartMill Relative Strength | 48.34 | NEUTRAL | BITI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITI is below a declining 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) | UP | POSITIVE | The current price of BITI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.82 | NEUTRAL | The RSI value for BITI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests BITI has a negative trend. |
| Stochastics (14,3) | 11.51 | OVERSOLD | The low Stochastics value suggests BITI may be oversold. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for BITI suggests high volalility. |
| Average Directional Index/ADX (14) | 31.29 | POSITIVE | The high ADX value value for BITI suggests a strong trend. |
BITI Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:BITI (3/5/2026, 3:57:56 PM)
25.51
+0.63 (+2.53%)
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 6 / 10 to BITI.
What is the trend direction for BITI stock?
The current trend direction for PROSHARES SHORT BITC ETF-USD (BITI) is Bullish.
Can you provide the RSI signal for PROSHARES SHORT BITC ETF-USD?
PROSHARES SHORT BITC ETF-USD (BITI) has an RSI value of 42.8245. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES SHORT BITC ETF-USD (BITI) stock?
The MACD indicator for PROSHARES SHORT BITC ETF-USD (BITI) has a value of -0.534182, indicating a bearish trend.
Can you provide the support and resistance levels for PROSHARES SHORT BITC ETF-USD?
PROSHARES SHORT BITC ETF-USD (BITI) has a support level at 23.08. Check the full technical report for our detailed analysis of BITI support and resistance levels.