ProShares Short Bitcoin ETF (BITI)
NYSEArca
Scores are generated from technical indicators for educational purposes and are not a recommendation to buy or sell.
Price history
Daily closes and volumeAI Analysis Generated from the indicator readings below. Educational only.
ProShares Short Bitcoin ETF is trading at $19.17, up 5.21% on the session. The 50 day average sits at $18.34 and the 200 day at $23.37, which puts the stock in a downtrend. RSI is at 50.7, which reads as neutral, and MACD is bullish crossover. Volume is below average.
The nearest support is around $18.12 with resistance near $18.31, so that band frames the current range. Average daily movement is roughly $0.45, or about 2.3% of the share price, which is what any stop placement has to allow for. The overall health score of 45 out of 100 combines a trend score of 0, momentum of 69 and a risk score of 85.
Technical indicators
About ProShares Short Bitcoin ETF
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. It seeks to benefit from decreases in the price of bitcoin futures contracts for a single day. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. It is non-diversified.