PROSHARES ULTRASHORT BITCOIN (SBIT) Technical Analysis
NYSEARCA:SBIT • US74349Y5630
Current stock price
SBIT Technical Rating and Analysis
Taking everything into account, SBIT scores 0 out of 10 in our technical rating. SBIT'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, SBIT is a bad performer in the overall market: 77% of all stocks are doing better.
- In the last month SBIT has a been trading in the 40.33 - 61.00 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.
- SBIT has an average volume of 1583180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SBIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBIT is lagging the market.
SBIT Weekly and Daily overview Charts
SBIT Setup Rating and Analysis
The technical rating of SBIT 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
SBIT Support and Resistance Analysis
38.44
When analyzing the support we notice one important area.
- Support @38.83 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @53.28 from a trend line in the daily time frame.
SBIT Technical Indicator Signal Analysis
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 SBIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBIT is down. |
| ChartMill Relative Strength | 23.64 | NEGATIVE | SBIT has a low relative strength, it was outperformed by 76.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.93 | NEUTRAL | The RSI value for SBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests SBIT has a negative trend. |
| Stochastics (14,3) | 12.84 | OVERSOLD | The low Stochastics value suggests SBIT may be oversold. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for SBIT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for SBIT suggests a weak or negative trend. |
SBIT Chart- and CandleStick Pattern Analysis
SBIT Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SBIT (4/22/2026, 7:23:59 PM)
After market: 41.6589 +0.59 (+1.43%)41.07
-4.8 (-10.46%)
PROSHARES ULTRASHORT BITCOIN / SBIT TA FAQ
What is the technical rating for SBIT stock?
ChartMill assigns a technical rating of 0 / 10 to SBIT.
Can you provide the trend direction for PROSHARES ULTRASHORT BITCOIN?
The current trend direction for PROSHARES ULTRASHORT BITCOIN (SBIT) is Bearish.
Can you provide the RSI signal for PROSHARES ULTRASHORT BITCOIN?
PROSHARES ULTRASHORT BITCOIN (SBIT) has an RSI value of 33.926. This indicates that the stock is currently neutral.
What is the buy/sell signal for SBIT stock?
The buy/sell signal for PROSHARES ULTRASHORT BITCOIN (SBIT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for PROSHARES ULTRASHORT BITCOIN?
PROSHARES ULTRASHORT BITCOIN (SBIT) has a support level at 38.83 and a resistance level at 53.28. Check the full technical report for our detailed analysis of SBIT support and resistance levels.