PROSHARES ULTRA BITCOIN ETF (BITU) Stock Technical Analysis
USA - NYSEARCA:BITU - US74349Y7040 - ETF
56.36 USD
+2.17 (+4%)
55.9765 USD
-0.38 (-0.68%)
Taking everything into account, BITU scores 5 out of 10 in our technical rating. In the last year, BITU was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
BITU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BITU is lagging the market slightly.
BITU has an average volume of 2280220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that BITU is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month BITU has a been trading in the 48.91 - 59.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BITU 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
43.57
67.02
When analyzing the support we can see 4 important areas.
- Support @51.08 from a trend line in the daily time frame.
- A support zone ranging from 49.18 to 49.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.83 from a horizontal line in the daily time frame.
- Support @44.01 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 60.91 to 62.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @64.42 from a horizontal line in the daily time frame.
- Resistance @66.36 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 | NEUTRAL | NEUTRAL | The short term trend for BITU is neutral. |
| ChartMill Relative Strength | 94.85 | POSITIVE | BITU has a high relative strength, it outperformed 94.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BITU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BITU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BITU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.43 | NEUTRAL | The RSI value for BITU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests BITU has a positive trend. |
| Stochastics (14,3) | 67.34 | NEUTRAL | The Stochastics value for BITU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BITU suggests some volalility. |
| Average Directional Index/ADX (14) | 9.99 | NEGATIVE | The low ADX value for BITU 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)
NYSEARCA:BITU (9/12/2025, 8:04:03 PM)
After market: 55.9765 -0.38 (-0.68%)56.36
+2.17 (+4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4%
1 Week9.29%
2 Weeks6.82%
1 Month-4.88%
3 Month12.97%
6 Month58.05%
12 Month141.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.47
ATR(20)%4.61%
ATR Inc-39.56%
Range Today1.95
ADR(20)2.09
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.85
Mansfield0.9
10 Day High56.4
10 Day Low48.91
20 Day High59.71
20 Day Low48.91
52 Week High68.43
52 Week Low21.48
CS1 End51.08
CR1 Start60.91
Volume & EV
DER(3)3.51%
DER(5)3.18%
Volume1.66M
Volume Incr-38.11%
Vol(5)1.58M
Vol(50)2.28M