PROSHARES ULTRASHORT BITCOIN (SBIT) Stock Technical Analysis
USA - NYSEARCA:SBIT - US74349Y5630 - ETF
We assign a technical rating of 2 out of 10 to SBIT. In the past year, SBIT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, SBIT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 29.53, a Stop Loss order could be placed below this zone.
More info and screens
27.67
We found 2 important support areas.
- A support zone ranging from 29.01 to 29.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.95 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @32.31 from a trend line in the daily time frame.
- A resistance zone ranging from 32.97 to 32.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SBIT is up. |
| ChartMill Relative Strength | 5.12 | NEGATIVE | SBIT has a low relative strength, it was outperformed by 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SBIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SBIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.25 | NEUTRAL | The RSI value for SBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SBIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.49 | NEUTRAL | The Stochastics value for SBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.91 | HIGH VOLATILITY | The high ATR as a percentage value for SBIT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.2 | NEGATIVE | The low ADX value for SBIT suggests a weak or negative trend. |
NYSEARCA:SBIT (10/31/2025, 8:13:01 PM)
After market: 30.4001 -0.01 (-0.03%)30.41
-1.99 (-6.14%)
PROSHARES ULTRASHORT BITCOIN / SBIT FAQ
What is the technical rating for SBIT stock?
ChartMill assigns a technical rating of 2 / 10 to SBIT.
What is the current trend direction of PROSHARES ULTRASHORT BITCOIN (SBIT) stock?
The current trend direction for PROSHARES ULTRASHORT BITCOIN (SBIT) is Bearish.
What is the RSI signal for PROSHARES ULTRASHORT BITCOIN (SBIT) stock?
PROSHARES ULTRASHORT BITCOIN (SBIT) has an RSI value of 52.2542. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES ULTRASHORT BITCOIN?
The MACD indicator for PROSHARES ULTRASHORT BITCOIN (SBIT) has a value of 0.151926, indicating a bearish trend.
What is the support and resistance level for SBIT stock?
PROSHARES ULTRASHORT BITCOIN (SBIT) has a support level at 29.53 and a resistance level at 32.31. Check the full technical report for our detailed analysis of SBIT support and resistance levels.