Technical Analysis for BITI - Betapro Inverse Bitcoin ETF

Grade Last Price % Change Price Change
D 4.710 -3.29% -0.160
BITI closed down 3.29 percent on Friday, May 17, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish -3.29%
Inside Day Range Contraction -3.29%
Oversold Stochastic Weakness -3.29%
Fell Below 20 DMA Bearish -1.88%
Fell Below 50 DMA Bearish -1.88%
Stochastic Reached Oversold Weakness -1.88%
Gapped Down Weakness -1.88%

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Profile

BetaPro Inverse Bitcoin ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in Bitcoins. It takes short positions and uses derivatives such as futures contracts to invest in Bitcoins. The fund seeks to replicate the performance of the Horizons Bitcoin Front Month Rolling Futures Index (Excess Return). BetaPro Inverse Bitcoin ETF is domiciled in Canada.
Classification

Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Cryptocurrencies Bitcoin Payment Systems Horizons Etfs Digital Currencies Economics Of Bitcoin

Is BITI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.2
52 Week Low 4.45
Average Volume 293,660
200-Day Moving Average 8.664
50-Day Moving Average 4.941
20-Day Moving Average 5.114
10-Day Moving Average 5.049
Average True Range 0.234
RSI (14) 41.18
ADX 16.13
+DI 23.264
-DI 32.590
Chandelier Exit (Long, 3 ATRs) 5.037
Chandelier Exit (Short, 3 ATRs) 5.283
Upper Bollinger Bands 5.587
Lower Bollinger Band 4.642
Percent B (%b) 0.07
BandWidth 18.470
MACD Line -0.048
MACD Signal Line 0.006
MACD Histogram -0.0533
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.100
Resistance 3 (R3) 5.100 4.970 5.035
Resistance 2 (R2) 4.970 4.871 4.970 5.013
Resistance 1 (R1) 4.840 4.809 4.775 4.840 4.992
Pivot Point 4.710 4.710 4.678 4.710 4.710
Support 1 (S1) 4.580 4.611 4.515 4.580 4.428
Support 2 (S2) 4.450 4.549 4.450 4.407
Support 3 (S3) 4.320 4.450 4.385
Support 4 (S4) 4.320