PROSHARES ULTRA BITCOIN ETF (BITU) Stock Technical Analysis
USA - NYSEARCA:BITU - US74349Y7040 - ETF
Taking everything into account, BITU scores 2 out of 10 in our technical rating. Although BITU is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BITU 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
44.81
We found 1 important support area.
- A support zone ranging from 45.26 to 45.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @49.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 52.48 to 53.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.91 from a horizontal line in the weekly time frame.
- Resistance @62.61 from a horizontal line in the daily time frame.
- Resistance @64.41 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 | NEUTRAL | NEUTRAL | The long term trend for BITU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BITU is down. |
| ChartMill Relative Strength | 85.07 | POSITIVE | BITU has a high relative strength, it outperformed 85.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BITU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BITU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BITU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.69 | NEUTRAL | The RSI value for BITU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests BITU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.6 | NEUTRAL | The Stochastics value for BITU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for BITU suggests high volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for BITU suggests a weak or negative trend. |
NYSEARCA:BITU (10/24/2025, 8:10:59 PM)
After market: 49.0993 +0.49 (+1.01%)48.61
+0.32 (+0.66%)
PROSHARES ULTRA BITCOIN ETF / BITU FAQ
What is the technical rating for BITU stock?
ChartMill assigns a technical rating of 2 / 10 to BITU.
What is the trend direction for BITU stock?
The current trend direction for PROSHARES ULTRA BITCOIN ETF (BITU) is Bearish.
What is the RSI signal for PROSHARES ULTRA BITCOIN ETF (BITU) stock?
PROSHARES ULTRA BITCOIN ETF (BITU) has an RSI value of 43.6936. This indicates that the stock is currently neutral.
What is the MACD signal for BITU stock?
The MACD indicator for PROSHARES ULTRA BITCOIN ETF (BITU) has a value of -0.697307, indicating a bearish trend.
What are the support and resistance levels for PROSHARES ULTRA BITCOIN ETF (BITU) stock?
PROSHARES ULTRA BITCOIN ETF (BITU) has a support level at 45.9 and a resistance level at 49.85. Check the full technical report for our detailed analysis of BITU support and resistance levels.